Aged Receivables

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Aged Receivables

Please see attached file

 

In March 2018 when I was still learning the system, I fixed two mistakes by debiting Bank Account and crediting accounts receivable. The only problem that now occurs that when I Aged Receivables these two entries show up as credits in the 90+ overdue.

Is there a simple way to fix this or do I have to reverse transactions and adjust opening balance for the bank account?

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MYOB Moderator
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MYOB Moderator
MYOB Moderator

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Re: Aged Receivables

Hi @peter1944 

 

Generally speaking the best solution would be to delete those transactions as this would remove them from the system and thus stop them from appearing on the report. That said if you were unable to delete them then the next step would be to record a reversing entry.

 

Do note that as this is a second transaction it would potentially create a second transaction in the aged receivables.

Regards,
Neil

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