Hello reader,
I encountered the above problem when i ran forex revaluation.
Certainly! Here are two key points to address the issue of invoices applied to post-FY payments/receipts in Business Central:
Issue: Invoices falling within the previous financial year were paid and applied to payments/receipts posted after the financial year ended, leading to discrepancies in financial reporting.
Solution: Un-applying the receipts and payments. By reversing the application process, we can remove the linkage between the invoices and the post-FY transactions, ensuring accurate financial records
Action Steps:
a. Identify the invoices that were applied to post-FY payments/receipts and determine the correct financial period they should be associated with.
b. Un-apply the affected receipts and payments associated with those invoices. This will detach them from the incorrect financial period.
c. Re-apply the receipts and payments to ensure they are correctly assigned to the appropriate financial year, maintaining accurate financial reporting.
By following these steps, we can resolve the issue of invoices applied to post-FY payments/receipts and ensure the integrity of your financial data in Business Central. If you require further assistance, don't hesitate to reach out for support.
