This is a companion video to the Year End Preliminary Checklist. Go here to find that post Year End Prelim Checklist.
In this video I show how to clear out transactions that keep showing up, month after month in your Accounts Payable Aging Report. These must be cleared so that you have a realistic value for total Accounts Payable that you owe. Often they are duplicate bills which means that you have reported too many expenses.
This step could be done at any time, not just at the end of the year. If you make a regular habit of reviewing these lingering transactions, your file will stay tidy, clean, and accurate.
This video (must be a Silver Club member to view) will walk you through the steps. If you would like assistance, come to Office Hours or use this link to set up a coaching session https://QBWinerySolutions.as.me/Coaching