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Level 1

Clearing an aged receivable

One of my clients shows part of an invoice (1100 of 7800) from 2016 showing as unpaid. It is an error from before my time, and the entire payment was actually received. What adjustment is appropriate to clear the $1,100 from A/R?

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Best answer October 15, 2019

Best Answers
Level 15

Clearing an aged receivable

Create an item that posts to retained earnings, and use that item on a credit memo.  Then apply the CM to the invoice

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3 Comments 3
Level 15

Clearing an aged receivable

Create an item that posts to retained earnings, and use that item on a credit memo.  Then apply the CM to the invoice

View solution in original post

Highlighted
Level 1

Clearing an aged receivable

Thank you very much! Success!

Highlighted
Level 1

Clearing an aged receivable

Success! Thank you very much!

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