payable clearing


Joined
Sep 20, 2008
Messages
1
Reaction score
0
Hi!

I work on accounting software, Accpac Advantage Series 5.2A. I have no ideas about payable clearing. Here is story:

1. the carry forward balance of payable clearing is negative figure, let's say -216,200.74
2. the payable clearing is on the debit side, say, 348,722.14 and
3. the payable clearing is on the credit side, say, 291,086.73
4. the source of entry is purchase order

My questions are:
what does it mean when the carry forward balance from the previous month is negative?

What does it mean when payable clearing is on the debit side? and what does it mean when payable clearing is on the credit side?

My great appreciation if someone can help me with some input. Thank alot.

Sothea
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top