Journaling Error - NEEDS TO BE FIXED
When multiple bills are paid via the Vendor interface, Zoho Books wrongly journals the payment and bills through the Pre-Paid Expenses account, even when the payment is made after the bill arrives.
I raised a support ticket, and the response was, "Oh, that's just how we do it."
Bookkeeping is not some subjective exercise where "close enough" is fine. You cannot have journal entries for transactions that did not happen. No expenses were pre-paid, so neither the payment nor the bills should be reflected in that account.
This is a glaring bug that needs to be addressed immediately. I don't care that this is how the programmers thought it should work or (more likely) what made their job a little easier.
The payment should be a journal entry crediting the payment account and debiting accounts payable. That's it. Prepaid expenses shouldn't enter the equation.
There is no justification for this. FIX IT.
Zoho SalesIQ Resources
Zoho TeamInbox Resources
Zoho DataPrep Resources
Zoho CRM Plus Resources
Zoho Books Resources
Zoho Subscriptions Resources
Zoho Desk Resources
Zoho Projects Resources
Zoho Sprints Resources
Zoho Creator Resources
Zoho WorkDrive Resources
Zoho Campaigns Resources
Zoho CRM Resources
Zoho Show Resources
Get Started. Write Away!
Writer is a powerful online word processor, designed for collaborative work.