How do you fix an A/R adjustment

Well, let's start with the first part of your post.

For the current period, you will need to either enter an invoice (debit A/R)
OR write a journal entry to correct the problem in the current period.
Then, you still have the prior period problem. A/R adjustment watching
dates carefully (I've been tripped up this way too!) or enter a credit memo.

A/R adjustments are automatically posted. (Groan!) Entering invoices and
credit memos gives you a chance to review an entry before posting. (I like
that feature.) Posted items are harder (more messy) to correct than an
unposted edit list where you can just delete an entry.

HTH

Deb Wilmoth
Controller
Reeder & Kline Machine Company, Inc.
Vantage 5.0


-----Original Message-----
From: Pablo Garza [mailto:pgarza@...]
Sent: Wednesday, January 28, 2004 8:15 PM
To: 'vantage@yahoogroups.com'
Subject: [Vantage] How do you fix an A/R adjustment


Another Accounting Question

Our accounting group made an adjustment writing off a bad debt through
"adjustments" under Genl Op in A/R. I used the current fiscal period
instead of the previous. Is there a way to reverse my adjustment or to
reopen the invoice? Is there a better way to write off bad debt?

Pablo Garza
Dix Metals, Inc



[Non-text portions of this message have been removed]
Another Accounting Question

Our accounting group made an adjustment writing off a bad debt through
"adjustments" under Genl Op in A/R. I used the current fiscal period
instead of the previous. Is there a way to reverse my adjustment or to
reopen the invoice? Is there a better way to write off bad debt?

Pablo Garza
Dix Metals, Inc