Hello Peeps
We've had temps in whilst I have been away and they've receipted money in as 'Receive Money' rather than 'Receive Payment' hence not allocating against outstanding client invoices. Since this was made in the 2nd QTR, now a locked period, I'm not sure of the best way to now close these invoices? Experienced advice required please.
Many thanks.
Hi q_man_snowflake,
Yep, recording it as Receive Money instead of Receive Payment would definitely be why the invoices are still showing as open.
You’d usually need to reverse or delete the Receive Money transaction first, then re-enter it as a Receive Payment so it applies to the invoices. Lock periods can be temporarily lifted, but I’d suggest checking with your bookkeeper or accountant before changing anything.
This help page might help too: https://myob.com/support/myob-business/end-of-period/month-end-procedures/lock-a-period
Regards,
Genreve
thanks Genreve
yes, of course. I've now reversed, in this period, so that the correct GST is reflected in this last quarter :)
