Accounts Payable Aging Glitch
I have a client who is currently facing a very unusual problem. He paid a bill on 6/17/2008 but when he runs the A/P aging report, that same bill is being reported as 90 days overdue.
He told me that he moved QB file from different versions but he is currently working on QB 2008. He is doing BK for a non-profit.
Is this some kind of a glitch? Was this caused because of different versions? Is there a right way to fix it?
Thanks in advance
zahid
Google Plus: +Zahid Lilani | Twitter: @ZahidLilani
“Your time is limited, so don't waste it living someone else's life."
- Steve Jobs
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Pull up the bill payment and make sure the bill is checked off.
Yes, it is checked off... No mistake has been made as far as recording the bill and paying it is concerned.
zahid
Google Plus: +Zahid Lilani | Twitter: @ZahidLilani
“Your time is limited, so don't waste it living someone else's life."
- Steve Jobs
IRS Circular 230 notice: In order to comply with requirements imposed by the IRS, I must inform you that any tax advice contained on this forum is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
To fix, easiest way is to delete the bill. He picked up the expense when he wrote the check. Right now his expenses are overstated. Or find the check paying that bill. Change the expense account to Accounts Payable. Put the vendor's name in the name column. Pull up the Pay Bills screen and use this credit (from your changing the check) with the credit. Amount to "pay" is zero.
Joseph R. Tone
Certified Public Accountant
Deleting the bill and posting it again with the same date fixes the problem, of course. He initially posted it to Accounts Payable which translates into using Pay Bills screen to make the payments.
zahid
Google Plus: +Zahid Lilani | Twitter: @ZahidLilani
“Your time is limited, so don't waste it living someone else's life."
- Steve Jobs
IRS Circular 230 notice: In order to comply with requirements imposed by the IRS, I must inform you that any tax advice contained on this forum is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
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