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Contributing User
bluecat
Posts: 7
Registered: ‎04-10-2011
New Zealand
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past FY purchases

Before I started for the 2010 year and 2011 year there was some purchases that were made but when they were paid they were not taken off the order/bill.they were just put straight thru the accounts.So now they are showing as open purchases but have been paid. I want to get rid of them and I can not just do a reverse purchases because they are from previous years.

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Ultimate Partner
Mike_James
Posts: 2,273
Registered: ‎08-05-2007
New Zealand
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Re: past FY purchases

If the accounts for the years in which the purchases occurred have been finalised, then reversing them is your only option, re-date the reversal to the current year, and take the credit in this year.

Regards Mike (mike@datawise.co.nz)
DataWise Limited (www.datawise.co.nz), developers of:
DataWise ProActive - Multi-user cross-platform sales management add-on
DataWise Report Writer - Specialised Reporting from MYOB programs
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Contributing User
bluecat
Posts: 7
Registered: ‎04-10-2011
New Zealand
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Re: past FY purchases

Ok so when I do this it asks me to adjust the inventry.Is this ok or does it muck up our accounts for the GST period Aug-sep?

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Ultimate Partner
Mike_James
Posts: 2,273
Registered: ‎08-05-2007
New Zealand

Re: past FY purchases

I didn't allow for item purchases; in this case I suggest that you create a service credit manually for the same total, but allocate it to an account in your cost of sales section, such as cost of sales, or purchases, or inventory adjustments, and then settle that credit against the original bill/s.

Regards Mike (mike@datawise.co.nz)
DataWise Limited (www.datawise.co.nz), developers of:
DataWise ProActive - Multi-user cross-platform sales management add-on
DataWise Report Writer - Specialised Reporting from MYOB programs
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Contributing User
bluecat
Posts: 7
Registered: ‎04-10-2011
New Zealand
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Re: past FY purchases

I have already done one the first way should I go back and cancell or just do the rest the second way?

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