Our CPA's did a JE to AP with a vendor Misc one year and did the reversing JE the next. However, the JE's show up on the AP aging. How do I net the JE's together to get them off the aging report. We have QBO. There is nothing in Vendor Pay since there are no invoices and if I go to vendor under Misc and click on the transactions it just takes me back to the JE.
I'd like to make sure that we're on the same page so I can provide you with the right amount of information. May I ask if your accountant trying to allocate a transaction between two accounting periods or fix a debit and credit error when reversing a journal entry? What posting accounts have been applied when creating a JE to AP with a vendor Misc? Any details or screenshot is appreciated so we can narrow down this issue.
I'll be here waiting for your response to answer any questions I can. Have a great day ahead.
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