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Post Info TOPIC: Invoices and Credit Notes which Net Off - post them all?


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Invoices and Credit Notes which Net Off - post them all?


I would like all invoices and credit notes received from suppliers to be entered into our Purchase Ledger. However, our accounts disputes thiswhen a credit note is received shortly after an invoice and they both net off and tends to avoid posting them to PL and just shreds both documents!

My argument would be both are legal documents and to keep an accurate audit trailbothof them should be posted - if not just to be covered in case of any disputes raised by the supplier in the future.

Am I right in this thinking or am I wasting accounts' time?




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