Hi all,
An accountant at work saw some behavior he didn't expect out of Accpac - I'm wondering if this is typical or it has to do with our config:
1 we make a payment "AP Misc" out of 1060 ; accpac will debit expense and credit bank (say 1060)
2 we find out payment was done wrong, should've been out of 1070 so we reverse the payment; accpac debits bank and credits 2000 (general AP) instead of 1060 in GL
Forgive me if my accounting-ese is off here but I think the idea is clear; when reversing the payment instead of actually reversing the Cr and Dr entries it credits the general AP account rather than the account the original Cr was against. Is this to do with how we have things setup or is this natural for Accpac. Any other color you can add here would help me out.
thanks!
An accountant at work saw some behavior he didn't expect out of Accpac - I'm wondering if this is typical or it has to do with our config:
1 we make a payment "AP Misc" out of 1060 ; accpac will debit expense and credit bank (say 1060)
2 we find out payment was done wrong, should've been out of 1070 so we reverse the payment; accpac debits bank and credits 2000 (general AP) instead of 1060 in GL
Forgive me if my accounting-ese is off here but I think the idea is clear; when reversing the payment instead of actually reversing the Cr and Dr entries it credits the general AP account rather than the account the original Cr was against. Is this to do with how we have things setup or is this natural for Accpac. Any other color you can add here would help me out.
thanks!