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Posted
I'm very new to accounting.
I use AccountEdge.
I've noticed I have some old, open invoices.
I wonder if I can delete them without causing any problems.
Does anybody know?
Thanks!
Cameron
 
Posts: 4 | Registered: Thu July 24 2008Reply With QuoteEdit or Delete MessageReport This Post
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You will want to find out why these invoices are still open. Are they invoices for which the customer did not pay? In that case, you create a credit memo (a negative invoice) and allocate it to bad debt. If you simply delete the sales - they can only be from your current fiscal year. Deleting the sales will of course impact your income on your P&L and reduce your Receivables on your Balance Sheet,
 
Posts: 682 | Registered: Mon July 28 2003Reply With QuoteEdit or Delete MessageReport This Post
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