Clearing an item receipt

Can anyone tell me how to clear an item receipt in a prior month, I would assume this has been entered incorrectly and is now reflected in our AP summary which is incorrect.

I can not just delete the item receipt as it is in a prior month and that month has been closed off, If i open the month it will affect the end of month balance sheet recs completed.

Can anyone tell me how i can clear this in the current month.

Comments

John Graetz

Monique. What proof do you have that this was entered incorrectly? Perhaps the customer paid it twice. If it went through your bank account, then it was real money which has to belong to somebody. On that basis, you cannot delete it from your bank account if your bank account has been reconciled.
John L G

Acctd4

Hi Monique

“Item Receipts” are non-posting transactions & therefore do not affect any liability accounts.

They are simply a way of recording that an item has been received/delivered & will adjust inventory Item quantities as a result. It will also reflect as being “payable” by showing it in your A/P Summary too.

If a separate Bill has also been entered for this, you can just delete the Item Receipt.

Just first ensure/check that the Item quantities have been completed on the relevant bill instead.

Shaz Hughes Dip(Fin) ACQ NSW, MICB

Reckon Accredited Professional Partner Bookkeeper / Registered BAS Agent (No: 92314 015)

Accounted 4 Bookkeeping Services

Ballajura, WA

0422 886 003

shazinoz2@bigpond.com

www.accounted4bs.com

John Graetz

Sorry Monique. I did not read your question closely enough as I thought that you were referring to a receipt in your bank account.
John L G