Posting to wrong month

Yahoo Archive
1
You can enter a reversing entry to the wrong month against sales & accounts receivable and then a correct entry against sales & accounts receivable to the correct month. We prefer to make a debit memo to the incorrect month and a correct entry to the correct month then clear it with a zero check. When you do the entries it details in your books rather than a jornal entry outside your daily entries. It is what our accountant prefers.
Thanks
Pam Simantz

--- In vantage@yahoogroups.com, "Rick" <rhagy@...> wrote:
>
> Has anyone posted AR Invoice to the Wrong Month? Can you just create a Journal Entry to fix?
>
> Thanks for the help.
> Rick
>
2
Has anyone posted AR Invoice to the Wrong Month? Can you just create a Journal Entry to fix?

Thanks for the help.
Rick
3
Yes, you can post a journal entry to correct the gl. However, since journal entries do not affect the aging report - the report will no longer balance with the general ledger. I would issue a credit memo and reinvoice in the correct month.

Christy J. Morris
Controller
Cold Jet, LLC
455 Wards Corner Road
Loveland, Ohio 45140
USA

+1 513-716-6370
+1 513-576-8986 (fax)
www.coldjet.com<http://www.coldjet.com>

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Setting industry standards in dry ice technology and solutions for over 20 years.

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Rick
Sent: Monday, January 02, 2012 2:14 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Posting to wrong month



Has anyone posted AR Invoice to the Wrong Month? Can you just create a Journal Entry to fix?

Thanks for the help.
Rick



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