A/P & A/R TroubleshootingChristine Borato

Session Topics

• Adjusting A/P & A/R Invoices• Recurring Invoices• Proposals • Purchase Orders & Subcontracts• Voiding A/P Checks & Reversing Cash Receipts• Auditing from the A/P & A/R Modules

• Correcting posted transactions– Adjustment vs. Quick Reversal

• Recurring Invoices• Adjusting invoices with PO/Subs• Voiding A/P checks

1 A/P Corrections

Adjustment – Amount Only

Quick Reversal

Recurring Invoice Adjustments

What about PO/Subs?

Voiding an A/P Check

• Correcting posted transactions– Adjustment vs. Quick Reversal

• Credit invoice entry• Common questions with proposals• Cash receipt reversal• AIA rollback

2 A/R Corrections

A/R Adjustment – Amount Only

Quick Reversal

Credit Invoices

Cash Receipt Reversal

Correcting an AIA - Rollback

• What report do I use?– G/L Trial Balance– Aging Report

• What numbers do I compare?• How do I correct issues found?

3 Auditing A/P & A/R to G/L

• Steps to avoid– Correcting issues through G/L only– Posting outside of transaction dates– Ignoring warning messages– Adjusting/Reversing prior to original transaction date– Using the purge functions

4 Tips & Tricks

• Helpful Hints– Enable posting verifications– Verify control dates– Complete defaults on vendors & customers– Read all warning messages

5 Tips & Tricks Continued

Thank You!