Forum Discussion

CarolineP's avatar
CarolineP
5 years ago

Edit old entries

Hi.  Is it possible to edit and correct old entries in MYOB?  For example, I have an outstanding balance due for a bill I entered a couple of years ago.  The card (supplier) should have been "NO GST"...
  • gavin12345's avatar
    gavin12345
    5 years ago

    Hi CarolineP 

     

    With AccountEdge you cannot edit prior year transactions. So will need to come up with an alternative way to clear the invoice. For example if $20 is outstanding, you could create a service invoice for this customer for -$20 and then apply the credit against the sale to close it. 

     

    You should probably discuss how to do this with your bookkeeper or accountant. The original BAS may have been incorrect and there may be other factors to take into account when deciding which accounts/tax codes to use for the credit invoice.

     

    Regards

    Gavin

gavin12345's avatar
gavin12345
Ultimate User
5 years ago

Hi CarolineP 

 

With AccountEdge you cannot edit prior year transactions. So will need to come up with an alternative way to clear the invoice. For example if $20 is outstanding, you could create a service invoice for this customer for -$20 and then apply the credit against the sale to close it. 

 

You should probably discuss how to do this with your bookkeeper or accountant. The original BAS may have been incorrect and there may be other factors to take into account when deciding which accounts/tax codes to use for the credit invoice.

 

Regards

Gavin