Resetting YTD Vendor Totals

AccountsPayableGuide > Accounts Payable > Accounts Payable Period End and Maintenance > Accounts Payable Period End > Resetting YTD Vendor Totals

All of your vendors have accumulating year-to-date (YTD) amounts from posted activity. When the year-to-date amounts are reset, the last year amount is dropped, the current year amount becomes the last year amount, and any amounts in the next year become the current year.

CAUTION: Transaction information will not be purged. If you are resetting YTD vendor totals at a time other than the beginning of a new year, then the accumulator totals will not equal your transaction totals.

You can see the reset amounts in the AP Vendors window on the Statistics and 1099 tabs. The current year payment amount for each 1099 type is transferred to the corresponding Last Year box on the 1099 tab.

To reset vendor totals:

1 In Accounts Payable, select Period End Tasks > Reset YTD Vendor Totals from the left navigation pane. The AP Rest YTD Vendor Totals window opens.

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2 Specify a single vendor to reset or select Process For All Vendors.

3 Select OK to proceed.