Negative figure in Debtors Reconciliation
My Client maintains their records. On doing the year end accounting I note there is a negative figure in the debtors reconcilation report in 1-30 days. This coincidentally matched two paid invoices y...
Forum Discussion
Hi robert5 ,
I have come across this often with one of my clients who receive the money into their bank account and *then* raise the invoice. But they raise the invoice with a date *after* the date that the funds arrived in their bank account.
This has the effect of throwing the customers account into credit between the two dates.
To fix this, I go into the invoices and change the dates back to the date that the funds were received in their bank account.
Hope that helps,
AlanT
