If you add up the transactions of the transactions tab it will not equal the balance on the vendor if there were reversed checks.
by: Donna H. | over a year ago | Financial Management
Votes
10
Vendor Activity transactions tab does not show reversed checks even when transaction type ALL is selected.
by: Donna H. | over a year ago | Financial Management
Comments
The transactions show up as if the checks were issued and cleared, they should either not show up on the report, or should show up with reversed and not be included in the total.
This is all part of the whole problem of "Reversing" checks as opposed to allowing the voiding of a check previously posted. Voiding is the same as reversing and your void function works properly, the reverse function does not.
AP Vendor Transaction Report does not show reversed payments if you only select the Payment Transaction type to get total payments for a vendor(s). This is misleading since a reversed check shows on the report as a payment and is included in payment only total.