In accounts payable, how do I clear an old unapplied bill payment (check) that was printed on October 2018 and has already been reconciled? When the check was printed, a bill was not created to zero out the check. Thank you!
Thank you very much for your expertise, Angelyn_T. That makes sense. I have another question. Will this bill/expense entries in March 2019 cause an imbalance or change the total for October 2018 Balance Sheet/Chart of Accounts? If it does, I will need to fix it by entering an journal entry to make the adjustments?