Reclassify in later posting period

Hello,

Reclassifying a Bill is simply a GL entry to move the expense from one account to another.

I understand you want to reclassify the expense in a different period from the Post Period of the Bill. You have found that Reclassify Bill is limited to reclassifying bills in the same Post Period as the Bill.

Options:

1. To reclassify the Bill in the current period, enter a Journal Transaction to credit the “wrong expense account” and debit the correct expense account. Include detailed descriptions and notes identifying your entry as a Prior Period Correction, including the AP Bill Reference Number on the descriptions and Notes. Include a link to the related AP Bill in the notes. Then add Notes to the original AP Bill with a link to the correcting Journal Transaction.
2. Anyone in Financial Supervisors Role may post to a closed prior period without re-opening the period. A Financial Supervisor may reclassify the bill to the prior period using either AP Bill Reclassification features or using a Journal transaction to the Post Period of the Bill. Both of these options in #2 will change reporting amounts that were already filed to group companies.

Laura