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Sarah Buckley

Running creditors reports retrospectively

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 If you run the trade creditors report retrospectively, why doesn't it agree to the trial balance? How do you get it to balance?

Lets say that you’ve just finished your June month end. You’ve run your creditors report and it reconciled to the June  trial balance so you close the periods in Sage.

You then post in July an invoice dated May so it appears in the July general ledger as May is already shut.

You then run the AP report for June and tick the retrospective button....but it doesn’t agree to the June TB as it now includes that pesky May invoice

What am I doing wrong? Or are there settings in Sage causing this issue?

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    1/Purchase ledger transactions dated June entered after postings for the June Nominal Purchase Period has been closed

    2/Transactions entered to the Purchase Ledger Control A/C

    3/Allocation Dates - eg Foreign Currency or a Payment Dated say 20th June allocated against an Invoice Dated 12th July

    4/Journals entered to the Purchase Ledger Control A/C

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  • 0

    1/Purchase ledger transactions dated June entered after postings for the June Nominal Purchase Period has been closed

    2/Transactions entered to the Purchase Ledger Control A/C

    3/Allocation Dates - eg Foreign Currency or a Payment Dated say 20th June allocated against an Invoice Dated 12th July

    4/Journals entered to the Purchase Ledger Control A/C

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