When importing invoices for the last two years, what potential issue may arise?

The potential issue with importing invoices from the last two years revolves around the creation of items no longer being sold, which can subsequently affect the General Ledger (GL). When invoices are imported, they may include items that are outdated or have been phased out of the company's inventory and sales catalog. This can lead to complications in the accounting records, as these items may not accurately reflect current offerings or inventory levels.

When such items are reintroduced into the system through imported invoices, it might result in discrepancies in financial reporting and inventory management. Items that are no longer sold or available can also skew reports related to revenue and costs, as they create a disconnect between the invoice data and the current operational reality of the business. Therefore, careful management of the items included in the invoices being imported is crucial to maintain the integrity of the financial data represented in the General Ledger.

Difficulties in importing Journal Entries, issues with generating comparative reports, or no effect on financial reports do not capture the direct implications of importing historical invoices containing obsolete items, highlighting the relevance of the creation of items that are no longer being sold as a significant concern.