Sage 100Cloud – How to offset Accounts Payable Invoices to zero.

//Sage 100Cloud – How to offset Accounts Payable Invoices to zero.

Sage 100Cloud – How to offset Accounts Payable Invoices to zero.

Question : Mike, In Sage 100Cloud I made a mistake and accidentally put in a negative offsetting invoice, so now I have an invoice for $50 and -$50 to the same vendor,  how can I remove them and zero out the Aged Invoice Report?

Answer: For this you will use Manual Check.

The first step is Accounts Payable>Main>Manual Check Entry.

Second step, make the check number APP1, this is an old trick that has been around since version 1 of MAS90 but most people don’t know about it. This automatically sets the check value to 0.

Third step, go to the Lines tab and bring in the two offsetting invoices, then accept and post and this will clear the invoice balances and remove them from the Accounts Payable Aged Invoice Report.

 

If you have questions, please contact us. Please stay tuned for more helpful Sage 100cloud tips and tricks.

Mike Renner – Partner

WAC Solution Partners

local: 760.618.1395 | toll free: 866.400.0WAC (0922) | mobile: 253.861.3120

Single Source Provider of Turnkey Business Accounting & Management Software

 

By | 2021-06-17T18:01:10+00:00 June 17th, 2021|Sage 100 tips and tricks|Comments Off on Sage 100Cloud – How to offset Accounts Payable Invoices to zero.

About the Author:

Mike Renner
Over 25 years in the accounting software industry. Mike is also an Acumatica, Abila and Sage Certified Consultant and Trainer and a recognized leader in the design, implementation and support of ERP and Accounting systems, including Acumatica, Sage and Abila. Specialties: Acumatica Cloud ERP, Sage 100 ERP (formally Sage MAS90/200), Abila MIP Fund Accounting (formally Sage Non Profit Software).
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