Aged Receivables Reconciliation

CJT11449911

Hi

 

I currently have a clinent (using AccountRight Online) with a significant difference in their aged receivables reconciliation compared to their balance sheet. The difference is from old invoices which were incorrect and need to be removed completely. The usual practice would be to raise a credit note and allocate etc. but these "sales" are not bad debts and no GST amendment needs to be done due to an error years ago. Is there a work around to remove these old invoices at all without impacting the current trial balance?

 

Your help is appreciated.

 

Thanks,
Chris 

Mike_James

Hi @CJT11449911, you could perhaps record a service credit for the total for each customer,  allocated to the debtors control account,  which would not change the trial balance.  Then settle the  credit against the invoice/s. GST code of not reportable.