Good Morning, I have two vendors in our AP system. They are both credit card vendors and one has a positive balance and one a negative. I do not know the correct way to proceed on clearing them so that the AP open payable summary matches the GL control account. The vendor with the negative amount is due to entries being posted as prepayments and then automatic pmts from the bank account were posted directly from a GL batch along with other bank statement items. The vendor with the positive amount is two credit card statements with all expenses recorded, but these amounts were also recorded from the bank statement GL batch. So the expense accounts are fine, but the summary obviously is deducted the negative and adding the positive amounts. To make matters more complicated, these transactions were from the last fiscal year. How can I reconcile?
Deb