overdue invoices that have been paid

Chris_7194422
Chris_7194422 Member Posts: 57 Reckoner Reckoner
in Reckon Accounts (Desktop)

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

Answers

  • Kris_Williams
    Kris_Williams Member Posts: 3,620 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

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

  • Chris_7194422
    Chris_7194422 Member Posts: 57 Reckoner Reckoner

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

  • Kris_Williams
    Kris_Williams Member Posts: 3,620 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

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

  • Chris_7194422
    Chris_7194422 Member Posts: 57 Reckoner Reckoner

    I'll check tomorrow. Thanks

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,736 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    @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 😬

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

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

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Kris_Williams
    Kris_Williams Member Posts: 3,620 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    You can call me if you need to

    0415 940843

  • Chris_7194422
    Chris_7194422 Member Posts: 57 Reckoner Reckoner

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

  • Kris_Williams
    Kris_Williams Member Posts: 3,620 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    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

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