Accounts Payable Clearing

Yahoo Archive
1
Our AP Clearing account is reconciled each month. The key is to print the
Received But Not Invoiced report on the first of the month before AP posts
any invoices. If AP posts any of those receivings to the prior month, you
can run the report again. But, if AP posts any of those receivings in the
current month, those disappear from the report for good, then you would have
to add them back. We made a rule that AP was not to post any of the invoices
on the report to the prior month, then the report matches the GL control
account. AP enters the actual date of the invoice no matter what period they
are being posted to. The AP Aging is ran by Fiscal Period and matches the GL
control account.

Karen Brodniak
Accounting Manager
Phone: 425-742-7011 x44
Fax: 425-353-8945
karen.brodniak@...

-----Original Message-----
From: Dennis O'Hara [mailto:d.ohara@...]
Sent: Tuesday, July 16, 2002 2:02 PM
To: 'Vantage User Group'
Subject: [Vantage] Accounts Payable Clearing


Has any one have a system of reconciling this clearing account against goods
received not invoiced
Regards,

Dennis O'Hara
Finance Controller
The Signcraft Group
Tel 61 3 9687 8455 Fax 61 3 9687 7235
Direct line 61 3 83713711
E-mail d.ohara@...
www.signcraft.com.au




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2
Has any one have a system of reconciling this clearing account against goods
received not invoiced
Regards,

Dennis O'Hara
Finance Controller
The Signcraft Group
Tel 61 3 9687 8455 Fax 61 3 9687 7235
Direct line 61 3 83713711
E-mail d.ohara@...
www.signcraft.com.au
3
I use a Report Builder report which I got from this group. I'm pretty sure
it's on the groups' site to download. If not email me outside of the group
and I'll email you a copy. We also do a manual reconciling but we don't
have many open receivables at the end of the month, maybe 10 at the most.
So it makes it easy for us. But the report is a good one and helps keep
Vantage correct.


Kathy Hambleton
Electron Energy Corp
kbh@...




Original Message-----
From: Dennis O'Hara [mailto:d.ohara@...]
Sent: Tuesday, July 16, 2002 5:02 PM
To: 'Vantage User Group'
Subject: [Vantage] Accounts Payable Clearing



Has any one have a system of reconciling this clearing account against goods
received not invoiced
Regards,

Dennis O'Hara
Finance Controller
The Signcraft Group
Tel 61 3 9687 8455 Fax 61 3 9687 7235
Direct line 61 3 83713711
E-mail d.ohara@...
www.signcraft.com.au


Yahoo! Groups Sponsor

Click here to find your contact lenses!

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.



[Non-text portions of this message have been removed]