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Question: I have a bill payment made in August 2018, I wanted to void it because it has never been paid from the bank but it was recorded anyways as a payment from the bank ( I have no idea how this happened). Now I want to void this bill today as I don't want it to affect the audited report of 2018. Is it really possible to void a bill payment with the date in which I void? To clarify my question, (I can see that in the audit history who and when it is deleted it) - but what I would like to know if it is possible to void as of today because QBs deletes by the date of the bill payment.
I am not sure if I am clear with my question.
Thank you for your help.
meron
No do not void the payment, that will not only change the P&L form last year, but if you were buying inventory it is as if they were never bought in cash basis reporting.
create in the chart of accounts an expense account called clearing
make a deposit in the QB bank account for that amount and use the clearing expense account
then pay the vendor for real and again use the clearing expense account
when you reconcile, check off the old QB payment against this deposit
when the new check clears it will show up for reconciliation
Thanks a lot, Rustler.
I will do accordingly and will get back to you for any additional confusions :-)
Thank you again.
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