How to close an AP Cycle that includes Transactions with Dates in the next Cycle
- 17 Jan 2023
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How to close an AP Cycle that includes Transactions with Dates in the next Cycle
- Updated on 17 Jan 2023
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I am reconciling the previous month in AP and those transactions are marked reconciled with a date in the previous cycle but now transactions are clearing for the current cycle and I would like to mark those as reconciled using dates in the next cycle, how can I do that and ensure that those transactions in the next cycle will not appear in the reconciliation for the previous cycle when I do it?
Answer:
You can have a mix of transactions some with the last cycle reconciled dates and those with the next cycle date and those in the next cycle date will not affect the previous cycle posting.
The key is what you are selecting on the screen for the Check Reconciliation report. Be sure to only choose to include transactions in the cycle you are posting so that way the process will only look at those transactions with those previous cycle dates and will ignore the ones marked for the next cycle reconciliation.
See step #6 of the document below:
6. (Optional) If you want to limit the transactions that appear on the report based on their reconciliation date, enter the desired reconciliation dates in the Date Reconciled From/Through fields.
The key is what you are selecting on the screen for the Check Reconciliation report. Be sure to only choose to include transactions in the cycle you are posting so that way the process will only look at those transactions with those previous cycle dates and will ignore the ones marked for the next cycle reconciliation.
See step #6 of the document below:
6. (Optional) If you want to limit the transactions that appear on the report based on their reconciliation date, enter the desired reconciliation dates in the Date Reconciled From/Through fields.
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