RECEIVABLE & PAYABLE ADJUSTMENT ENTRY

HOW TO PASS ADJUSTMENT ENTRY FOR CUSOMER (FOR SALES A/C ) AND SUPPLIERS ( FOR PURCHASE A/C ) TO CLEAR OUTSTANDING IN PAYABLE AND RECEIVABLES AND TO CLEAR FROM THE AGING (APPLY ON INVOICES) ON BOTH SIDE WITHOUT RECEIVING ANY FUNDS .


  • Welcome to forum!

    Adjustments can be entered in GL Journal, but exactly how to do it depends on why you need to adjust AR /AP. Are these differences:

    1. regular entry errors
    2. incorrect startup opening balances
    3. FOREX fluctuation differences

    P.S. and please turn off CAPSLOCK when writing your further posts...

  • In reply to Modris Ivans:

    Thanks Ivans,

    Actually it is routine adjustment to adjust payable against receivables. We have some clients and same they are our suppliers too.

    Due to avoaid cheque handling, thye some time adjust balance agaist Purchase & Sales. but we are using GP2013 and not able to trace how to make such adjustments.

    Please suggest.

     

  • In reply to NADEEM SHAHID:

    You should indicate in the very beginning that it is Great Plains you're asking about.

    As you mistakenly posted your question in NAV forum, I took for granted it's NAV related. Can't help with GP, moved the post to corresponding forum.

  • In reply to Modris Ivans:

    Ok, thanks. i will wait for GP expert review about this query.

     

     

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