I have a client who is trying to print the open payables report with the balance calculated as of Feb 28, 2006.

They have one vendor who has an invoice dated Dec 5, 2005 (before the calculate balance as of date) with a payment applied to this invoice on May 5, 2006 (after the calculate balance as of date). This invoice would have been outstanding on Feb 28, 2006 but does not show on the Open Payables report.

The invoice and payment can be seen if a transaction history is printed for this vendor.

Is this a problem with the "Calculate balance as of" function or am I missing something?