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June 4, 2024
Question

Cancelling a bill from a previous period

  • June 4, 2024
  • 1 reply
  • 0 views

We operate on a cash book basis.

I have a bill from a supplier for a previous financial year that was not due to be paid until this May. Since that time, the actual expense has increased and the supplier has cancelled the old bill and issued a new one.

I am showing the old bill as outstanding. Is it OK to just cancel it?

 

1 reply

June 4, 2024

Hi garethhowell, thanks for reaching out to the QuickBooks Community

 

We recommend contacting your bookkeeper or accountant for best practice before deleting a transaction relating to the last financial year.

 

If you don't already have an accountant, you can find a QuickBooks Certified accountant near you on our online directory

 

If you have any other queries that we can help with, please don't hesitate to get back in touch!