Vendor clearing

[Keshi1]

We have some entries posted to this vendor X at the time of initial upload (2006), which are showing as open item in the vendor line item details. The accounting entry is passed as follows:

Dr Initial Bal-creditors A/C

Cr Vendor A/C

We want to clear the open items of these vendor accounts, these vendors should not fall under accounts payable list, as we have later found out the payments have already made for these before the go live date. How can I clear these balances?

[srinivasa_maruvada · Accepted solution]

Hi

Post a reversal document

Dr Vendor A/c

Cr Initial Balance - Creditors A/c

Use the same TCode which you used earlier for reversing

Cheers

Srinivas

[Former Member]

Hii..

Just Reverse the documents that have posted during balance upload.

Regards,

Aakash

[Former Member]

Hi,

Since you have already paid the open items, respective bank accounts also might have changed with that effect.

So pass new entries by debiting to vendor account and crediting to respective bank account which you have made payments.

Regards

Sarma BH