How do you allocate an invoice as paid when cash has not moved in respect of this. ie I know it is possible to journal the amount from trade creditor to the relevant expense, but how do you change the invoice indicator to paid. It should not be recorded as outstanding and needs to be marked off as paid.
I just want to clarify the query if that’s OK?
How is the invoice being paid (e.g. is it a cheque)? I’m trying to find out a bit about the scenario as to why it’s paid but not (because the cash hasn’t been received), and hopefully we can advise you further from there.
We do not use cheques, always payments are made via FPI instant or schedule. This however is not a cash movement but needs to be set against an outstanding credit held by one of the Directors.
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