Adjusting entries
I have an adjusting entry that has multiple A/R and A/P entries. QB tells me I can not have multiple A/R and A/P accounts on the same transaction. Why not?
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anG30qI6Sr4iKgacwZ5xHE
05/31/11 10:26am PDT
Viewed by asker 12/08/11 7:21am PST
Viewed by asker 12/08/11 7:21am PST
5 Replies
qbteachmt
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05/31/11 10:28am PDT
Because this is not how to fix AR and AP.
You need to use the real tools, transactions with Customer and Vendor Names. Customer Invoices, Credit memo; Vendor Bill and credit.
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05/31/11 11:13am PDT
You should not make journal entries to these accounts. If amounts have to be written off, you need to adjust the individual customer accounts.
raywhite28
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05/31/11 9:59pm PDT
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The reason why is when you post to the A/R account, you must assign a customer to that line. When you pos the the A/P account, you must assign a vendor to that line.
QuickBooks combines the entry when the same account is used within the entry.
So to use the journal entry you will need to split the entry for each A/R & A/P.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
