You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Incorrect Accounting Entries for Expense Report AP Invoice

Summary:

Hello,

The journal entry generated for the AP invoice of an Expense Report that was matched with (settled by) a Cash Advance in the Expenses module contains some accounting lines that appear to be incorrect.

Specifically:

  • The total invoice amount is45,500, but the journal entry shows an Item Expense amount of only 39,565.22.
  • A Recoverable Tax line is generated, although no tax was calculated on the expense report or the resulting AP invoice. Why is this tax accounting being created, and how can we prevent it?
  • The Liability amount is split into two separate journal lines instead of a single liability line. Could you please explain why this is happening and how it can be corrected?
Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!