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negative balance payables

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February 02, 2012 03:48PM
In 2010 our corporation received payment from two of our customers as prepays for inputs used during 2011. I have done year end on 2010 and cannot get back to it. The customers used up their prepays in 2011 and on the accrual general ledger the payables are zero. On the cash general ledger they both show debit balances with no activity in 2011. How do I get rid of the payables on the cash books? I am not sure how this happened at all. Thanks Lynda
SubjectAuthorPosted

negative balance payables

r2farmFebruary 02, 2012 03:48PM

Re: negative balance payables

KathyClineFebruary 02, 2012 05:20PM

Re: negative balance payables

r2farmFebruary 02, 2012 05:33PM

Re: negative balance payables

KathyClineFebruary 02, 2012 05:37PM

Re: negative balance payables

r2farmFebruary 02, 2012 05:50PM

Re: negative balance payables

KathyClineFebruary 03, 2012 07:55AM

Re: negative balance payables

r2farmFebruary 06, 2012 09:24AM

Re: negative balance payables

KathyClineFebruary 06, 2012 11:13AM

Re: negative balance payables

r2farmFebruary 06, 2012 11:49AM



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