Question:
What is a Zero check run? Can I use that to remove offsetting debit and credit vouchers from my AP EOM (End of Month) Schedule?
Resolution:
Yes with off-setting debits/credits you can run a Zero check run to remove these items from the AP EOM Schedule.
Go to the AP Daily Processing Menu and take Option 20
Using 1=Payment, Select all of the invoices (debits/credits) with net 0 amounts.
Note: No other invoices can have a status code of 1 when running this job.
When selection has been completed, print the edit. The edit should show a Zero total for each vendor and a grand total of Zero.
If you are ready to proceed, enter the check date to be used for purging these items.
There is no update to G/L but he Vendor Ledger history now shows these offsetting invoices as paid with no check# and no bank#.
To see more information about Zero check run go to Accounts Payable Manual page 64.
Paul Fuller
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