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  #1  
Old 12-30-2006, 04:29 PM
Rkoa63 Rkoa63 is offline
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Join Date: Oct 2006
Posts: 2
Getting rid of old invoices

Hello,

I've just took over doing the bookkeeping for a small company and the person who was maintaining the books before me never paid any of the invoices in QBooks when the money was received. So now there is a backlog of $100,000 worth of invoices that have already been paid, but not paid out in QBooks. Whats the correct/easiest way to get rid of the old invoices? Void/Delete them? They have also done the same thing for the Vendors Bills as well. Thanks for any help in advance.

-Mike
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  #2  
Old 12-30-2006, 05:55 PM
Joe Williams Joe Williams is offline
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Join Date: Jan 2006
Location: Oklahoma
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Delete is better for invoices and bills.
Warning!!!
Check the P&L before starting and after it is completed. It would be best if you copy the file to a new name and use it, just in case the P&L gets realy messed up!!
It may be easier just to start a new file for the new year.
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Joe Williams
joewilliams@wavelinx.net
Piedmont, Ok
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  #3  
Old 12-31-2006, 01:01 AM
Krisbommi Krisbommi is offline
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Join Date: Dec 2006
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I think the best way copy the file and consider as a new file. and deleate all invoices and bills pertaining to last financila year. keep enter all received payments and paid bills in this financial year properly( hope you have all records with you). and Enter all openning balances properly by going through last financial year statement.

Make sure customer balances should tally with the customer's ledger..... by deleating invoices is bit difficult to track customer balances...
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