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RE: AP Invoice Posted in Current Period instead of Previous month

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Hello SFA,

Is this an expense related invoice?

If it is and you want to have that expense included in the previous month you would have to post a correction invoice to cancel the expense that is recorded in the current month and post another invoice transaction in the previous month. This requires that you re-open the previous period. Re-opening the period and posting an additional expense has implications on your month end reporting and before you are doing that I would recommend talking with the finance manager if he/she really wants to have that.

In case of an invoice that is not expenses, I would like to know why you want to post this invoice into the previous month?

If it does not affect your expenses and therefore the P&L, you would only show a 'longer' Balance Sheet that includes an additional amount on the assets and liabilities side.

Not sure whether this is really necessary from a financial standpoint.

Best regards,

Ludwig


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