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Accounts Receivable and Expenses
7/1/09 10:40 PM, Viewed by asker 7/3/09 8:09 PM
Total Views: 445
Total Views: 445
When I post an invoice to Accounts Receivable it is crediting my expenses. Anyone have issues with credited expenses??
All Replies: Answers (1)
Comments (1)
Rating + 5
Answer
7/2/09 4:24 AM
Your items are set up incorrrectly. Open any Invoice showing the problem and type CTRL +Y. This brings up the debits and credits behind the scenes. It will show the it\ems used on this invoice and what accounts are involved. Edit those items pointing to the wrong accounts and point them to the right account.
Hope this helps! If so, please mark Solved. If not, just ask more questions. Thanks so much.
Debbie
Debra Kilsheimer
Read about me by clicking: http://community.intuit.com/members/Debbie/
Advanced Certified ProAdvisor
Behind the Scenes
Port Orange, FL 32127
Read about me by clicking: http://community.intuit.com/members/Debbie/
Advanced Certified ProAdvisor
Behind the Scenes
Port Orange, FL 32127
Comment
After I hit CTRL+Y the transaction journal shows: a debit to A/R, a credit to the expense accounts that I picked up when I created the AR invoice, and a credit to Construction Income for the markup %. I don't get why it is even crediting the invoice expense items I chose to add to the AR invoice?? Once I am in CTRL+Y how do I change where items are pointed? When I double click on the account to change it just takes me to the created AR invoice? Thanks for your help!!!