One of the most common problems people have is when they record an invoice with a date of 2/5/17 and post it to the general ledger on 1/31/17.

In a/r this results in an a/r aged invoice report not matching the general ledger (if you don't select the right option). In addition, this causes the a/r sales tax report to be out of sync with the general ledger.

In a/p there can be a reason to mismatch these dates, but most of the time you don't want to mismatch.

For A/P checks and payroll checks, these mismatched dates can cause issues in reconciling the bank rec to the general ledger.

Add an option to prevent or at least warn when these date mismatches occur.

by: Tom R. | over a year ago | Financial Management

Comments

• I agree. I have one client that spends hours correcting some of these issues every month

  by: Beth V. | over a year ago

• I agree with Beth V.

  by: Jodi N. | over a year ago