1. A/P and A/R Troubleshooting Stefanie Walesch

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3. A/P and A/R Troubleshooting Best Practices for Correcting Invoices

4. Presentation Contents 1 Adjusting Invoices Reversing Invoices Linking POs to Accounts Payable Tying Out to the General Ledger 2 3 4 5 Voiding Checks and Cash Receipts 4

5. Accounts Payable Corrections Inset your subtitle here. This is a good space for a short subtitle 1 What’s the difference between an adjustment and a quick reversal? 2 What if I have a purchase order or sales tax? 3 What if I’ve already paid this invoice?

6. Accounts Receivable Corrections Inset your subtitle here. This is a good space for a short subtitle 1 When should I make an adjustment and when should I enter a quick reversal? 2 What if this invoice has already been paid? 3 What if I paid the wrong invoice? 4 How do I reverse an AIA if I shouldn’t use the quick reversal?

7. Tips and Tricks: Things to Avoid Correcting issues through the general ledger only Ignoring transaction dates Not reading warning messages Making adjustments and reversals prior to the original transaction date Using the purge function

8. Tips and Tricks: Best Practices Keep an eye on your transaction dates Turn on verifications, such as “prevent adjustment to paid invoices” Fill in defaults when possible, such as general ledger accounts on vendors Always read warning messages

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