clear A/P

Question

How can I clear A/P in Sage. I have an amount sitting there and two invoices. So I wanted to do a G/L post to A/P and to Expense. However the General Ledger does not have the A/P account. Someone can help me? Thank you.Carmen

Roger L · Accepted Answer

if you want to
db AP
cr expense

then create a purchase invoice with a negative amount, referencing the expense account

then pay purchase invoices
select the three invoices (the original two, and the negative one)
the total amount being paid should be 0.00

Sage 50 Canada

clear A/P

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