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Removing Paid Transactions

  • 1.  Removing Paid Transactions

    Posted Jul 26, 2019 12:04 PM
    I am working with Upper management to reconcile our FY.  We need to remove or void  a group of "cash receipts" on the same date from the same customer/ and re-enter them on the correct date.  Would it be possible to use the "Paid Sales Transaction Removal" to make this happen?
       #GP2015and2015R2 #Accounting #Finance​​​​​   Thank you in advance for your input 

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    Amy L. Hinkle
    HR, AP, AR, Payroll &
    Administrative Assistant
    Seeds By Design
    Terra Organics
    Willows & Maxwell, CA.
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    Conference-GPUG_200x200


  • 2.  RE: Removing Paid Transactions

    SILVER CONTRIBUTOR
    Posted Jul 26, 2019 01:22 PM
    if you use the 'paid sales transaction removal', the invoices would be marked as paid in full and be removed as well.  For auditing purposes, it'd probably be safer to void the transactions and re-enter with the correct date.  Your GL may be updated as well with this process.

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    Deanne Rasmussen
    ePlanPartners
    Houston TX
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    Conference-GPUG_200x200


  • 3.  RE: Removing Paid Transactions

    TOP CONTRIBUTOR
    Posted Jul 26, 2019 03:37 PM
    HI @Amy Hinkle

    "Paid Transaction Removal" is a misnomer.  It does not remove anything, but marks fully paid documents as history and moves them to history - which makes voiding them impossible unless you use the PSTL tools.

    Your best bet is to void the checks and re-enter them correctly.

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    Conference-GPUG_200x200


  • 4.  RE: Removing Paid Transactions

    SILVER CONTRIBUTOR
    Posted Jul 26, 2019 04:25 PM
    yes - whoever created that title of 'Remove paid transactions' should really fix it.

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    Deanne Rasmussen
    ePlanPartners
    Houston TX
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    Conference-GPUG_200x200


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