A/P & A/R Troubleshooting Christine Borato

Session Topics Adjusting A/P & A/R Invoices Recurring Invoices Proposals Purchase Orders & Subcontracts Voiding A/P Checks & Reversing Cash Receipts Auditing from the A/P & A/R Modules

Correcting posted transactions – Adjustment vs. Quick Reversal Recurring Invoices Adjusting invoices with PO/Subs Voiding A/P checks 1 A/P Corrections

Adjustment – Amount Only

Quick Reversal

Recurring Invoice Adjustments

What about PO/Subs?

Voiding an A/P Check

Correcting posted transactions – Adjustment vs. Quick Reversal Credit invoice entry Common questions with proposals Cash receipt reversal AIA rollback 2 A/R Corrections

A/R Adjustment – Amount Only

Quick Reversal

Credit Invoices

Cash Receipt Reversal

Correcting an AIA - Rollback

What report do I use? – G/L Trial Balance – Aging Report What numbers do I compare? How do I correct issues found? 3 Auditing A/P & A/R to G/L

Steps to avoid – Correcting issues through G/L only – Posting outside of transaction dates – Ignoring warning messages – Adjusting/Reversing prior to original transaction date – Using the purge functions 4 Tips & Tricks

Helpful Hints – Enable posting verifications – Verify control dates – Complete defaults on vendors & customers – Read all warning messages 5 Tips & Tricks Continued

Thank You!