Forum Discussion

Happygirl's avatar
Happygirl
Experienced User
3 years ago

Clearing Aged Payables

The aged payables reconciliation is reflecting numerous outstanding bills dating back years where "Spend Money" was used to record the payment versus "Pay Bill" (which would have closed the actual bill) The bill is therefore not outstanding. 

 

Question - what i7

s the best way to clear these payables dating back numerous FY years / closed periods. Ty.

1 Reply

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  • Liz_A's avatar
    Liz_A
    Super User
    3 years ago

    Hi Happygirl 

     

    Personally, I would go into each Purchase and then click on Edit and Reverse Purchase and record it. This will create a debit note that can be applied to the original purchase via the Purchases Register -  Returns and Debits.

     

    Cheers

    Liz

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