Hi there, I am just clearing off some year end sage accounts and I need to clear off a few bank payments to suppliers that have been sitting in the bank rec for a few years (i.e. non cashed cheques) and I was going to do a bank receipt to reverse this to the original nominal code and original tax code/amount but date it the end of this tax year as I do not want to affect the previous tax years accounts. Does this method seem ok to you? any advice appreicated.
Yes this seems fine to me. What is the reason for the suppliers not cashing the cheques? Has anybody chased them? I would date the transactions the date that you do them. If you date them in advance, when you run check data it will throw up comments regarding "transaction such and such is dated such and such".
