Billing still showing open when using reconciliation gl account


1 comment

  • Rebecca Ralls

    If the total of the adjustment + the total of they payment = the total of the billing, it should be marked as fully paid. You should be able to see in the billing the total cash applied + the total adjusted to understand why there’s a balance.

    As a general rule of thumb, you should NEVER use journal entries to adjust Billings (or payables). You should only use applied credit memos or cash receipts. If you use journal entries to make adjustments, even though the accounting will be correct, the billing will forever appear to be unpaid.

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