Balance Sheet Acct Receivable Balance
US QuickBooks Premier : 2009: Accountant
why does my account receivables/balance sheet show a balance when I use the cash basis accounting
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dVW-SM08Wr3QjyacfA8pyY
11/17/09 3:01pm PST
Viewed by asker 11/19/09 9:12am PST
Viewed by asker 11/19/09 9:12am PST
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6 Replies
IRMN
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11/17/09 7:02pm PST
You need to select cash basis for the report that you are printing.
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raywhite28
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11/17/09 8:40pm PST
QuickBooks put inventory & other items into the A/R account for Cash Basis reporting.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
11/18/09 4:20am PST
Thank you guys for the answer..IRMN, I am already running the report in the Cash basis,
Ray, can you tell me which items besides inventory are dumped into the AR...my client does not have an inventory.
Thanks
raywhite28
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11/18/09 7:37am PST
Run the cash Balance Sheet & double click on the A/R balance. It will give you the detail behind the number.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Lynn56
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11/19/09 8:16am PST
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The solution
To find what information that is still open in your A/R cash basis account click on the balance to bring up a Transactions by Account report. Set date rage to All. Filter report to Paid Status and Open
Items that point to a balance sheet account will show up in A/R on the cash basis until they are paid for so you would have to do a journal entry to remove them to the balance sheet account then reverse that journal entry at the next beginning year period to make things right.
This report will also show possible balance issues that can be corrected.
