I need to write off some Accounts Receivable billings as of 12/31/15 when the 2015 A/R year has already been closed. Is there a way to enter A/R Billed Credit entries as of 12/31/15?
AR will let you do this. However, you may need to rerun AR reports for December and forward. Also, it will create entries in General Ledger for 12/31/15 accounting period.
If General Ledger is closed for the fiscal year: You will need to reopen the December period, post the entries, reprint the December General Ledger reports, close the period using open/close period, backup General Ledger, and then use Close the Fiscal Year to close the adjusting entries into Retained Earnings in General Ledger for 12/31/15. You will need to Close the Fiscal Year again for 12/31/15 to close 2015. You will need to reprint any General Ledger reports for January 2016 and forward to your current period.
AR will let you do this. However, you may need to rerun AR reports for December and forward. Also, it will create entries in General Ledger for 12/31/15 accounting period.
If General Ledger is closed for the fiscal year: You will need to reopen the December period, post the entries, reprint the December General Ledger reports, close the period using open/close period, backup General Ledger, and then use Close the Fiscal Year to close the adjusting entries into Retained Earnings in General Ledger for 12/31/15. You will need to Close the Fiscal Year again for 12/31/15 to close 2015. You will need to reprint any General Ledger reports for January 2016 and forward to your current period.
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