Voiding accounts payable checks and invoices in a prior fiscal year

Question

i need to void a check and invoice from a previous year not archived. Can I just void them and it will update the current fiscal year?

stanleycon · Accepted Answer

Thank you. How do I reverse the uncashed check and apply it to the CM I entered to reverse the AP invoice?

Kathy Gotzenberg · Answer

Aloha! Yes, you can easily void both if the previous year has not been archived; HOWEVER, realize that the voiding will go to the period that they were originally posted to. If your corporate tax returns have been completed you wouldn't want to void the items (rather, do reversing entries) or your ending balances you gave accountant to prepare the returns will be off.

Sage Construction & Real Estate

Voiding accounts payable checks and invoices in a prior fiscal year

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