Deleting a credit note incorrectly raised

[PaulCooper]

Hi

as per the title, I want to delete some credit notes polluting my aged payable report.

One is from a prior year FY11 that has been reported on and submitted.

One is from a prior month of this current year FY12, that prior month has been reported on from a management accounts level and is closed.

One is in the current open period.

I assume the first 2 i should not delete or Void the credit as it will throw out the Profit and Tax reports issued.

Fix

Raise a bill in the current period to the same amount, expense account, job as the credit Note then
Pay bills and apply that old credit to that new bill.

Yes, the clearing or Fake bill will create an expense in the current period but Life to Date it will correct a past error.

Current Credit note that is wrong, a simple delete can be used.

Does this treatment seem correct?

[Joe Williams]

Your fix is correct and will correct the AP balance and aging reports.

[PaulCooper]

Hi

thanks joe

so its right even factoring in the fact it will create a new expense in the current period?