It is often the case that we receive materials, etc. in advance of where we want it expensed to so we have to pay the bill prior to the month the expense is posted to. Now that this is not possible it is creating HOURS of extra work to track and move the expenses.
by: Rik M. | over a year ago | Accounts Payable
Comments
I agree with Erica. Another scenario would be paying June rent on May 29th. There may not be another check run in June in time to meet the rental due date.
This is horrible and is going to completely ruin our cost trend reports. I understand why there should be a warning that appears, But we should still have the option to override it and continue to enter costs into whatever period we choose while paying in another period. This is going to force us to have to enter dozens of journal entries so costs are submitted correctly. If it's such a crucial change then why has it been fine for the past ten years! Ridiculous and they're going to lose a customer as soon as we are able to!
What you can do is record the liability in the period you wish through payables and write the check in an earlier period. This creates a prepay in A/P but it won't take hours to accomplish,