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-   -   Reconciling Accounts Payables (https://www.askmehelpdesk.com/showthread.php?t=659414)

  • May 11, 2012, 09:36 AM
    deli0561
    Reconciling Accounts Payables
    How do I delete an old invoice from a vendor when the books have been closed for that year?
  • May 11, 2012, 10:22 AM
    aliseaodo
    Why does it need to be deleted? (bad debt, incorrect amount, etc... )
  • May 11, 2012, 11:24 AM
    pready
    When your books are closed at the end of the year you are only closing Income Statement accounts, otherwise known as a temporary accounts. I.E. Revenues and Expense accounts.

    Accounts Payables is a Balance Sheet account otherwise known as a permanent account and will not be closed.

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