overdue invoices that have been paid

Chris_7194422 · October 12

Reckon Accounts..Accounting.. Small Business addition

When I create an A/R ageing summary I have a long list of 'overdue' invoices over several years. This is a puzzle to me. All payments made by customers check out correctly with the invoices. Except that the invoices listed in the ageing summary have OVERDUE stamped on them. Are there some checks I could do on them?

At first I thought it might be if I create a customer, then add another job to the customer. But I don't think it is this.

Thanks, Chris

Kris_Williams · October 12

are any of these invoices listed in the A/R customer balance summary report ?

Chris_7194422 · October 12

Yes. It totals the same amount as the ageing summary.

Kris_Williams · October 12

Have the payments been allocated to the relevant invoices in the Receive Payments window?

Chris_7194422 · October 12

I'll check tomorrow. Thanks

Acctd4 · October 12

@Chris_7194422

This is usually a result of entering a payment but not allocating it to (ticking) the relevant invoices. The allocation is crucial if you’re on a Cash basis for GST as the tax reports will only pick up allocated payments 😬

Kris_Williams · October 12

You can call me if you need to

0415 940843

Chris_7194422 · October 13

Thanks for your offer, Kris. Some minor discrepancies from the early 2000's. I'll leave them.

Kris_Williams · October 13

No worries but remember as Shaz said though, if your BAS is on Cash basis it’s important to make sure the payments are allocated to the invoices, or your tax summary report will be incorrect

overdue invoices that have been paid

Answers

Shaz Hughes Dip(Fin) ACQ NSW, MICB

* Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

Accounted 4 Bookkeeping Services

Ballajura, WA

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