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G
Gib1
August 7, 2023
Question

Noting bills in a closed period as paid

  • August 7, 2023
  • 1 reply
  • 0 views

I work with multi-currencies and created bills in December in EUR - closed the period end of December - the bills were subsequently paid in USD and CHF so I had to do journal entries through a suspense account to allow payment in the correct currency.  But this leaves the original bills in EUR as unpaid.  How can I note they are paid without affecting the EUR amounts were part of the year end audited accounts?

 

1 reply

G
GeorgiaC
August 7, 2023

Hi Gib1, thanks for posting on the Community.

 

The only way to close the transaction would be to apply a payment or credit (journal entry or supplier credit). We'd recommend contacting your bookkeeper or accountant for the best way to handle this without impacting your closed accounting periods. 

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