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Redhead123
New Member

Prior Year Accounts Payble

11/2/09 1:48 PM
Total Views: 29

How do I get a negative accounts payable amount off the Bal Sheet? It has been there for two years adjusting journal entry  has no real bearing on this year. I can't seem to journal entry it off.

 
 
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All Replies:  Answers (1)  
raywhite28
Advanced Certified ProAdvisor
 
Rating 0

Answer

11/2/09 2:59 PM

You are going to have to charge a vendor.
Make a journal entry Debit an expense & credit A/P & choose a vendor.

Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
 

Hope this helps. If so please mark solved, if not please ask more questions. Thanks!

Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
 
 
 
 
 
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