entries made after an (as of) report date are changing the balances on the report. This should not be happening.

My year end balance sheet totals keep changing as clients make payments. For example, at Dec 31st (year end), accounts receivable on balance sheet states 11,000. This number is correct and used for year end tax assessment. However, every time someone pays a payment towards this the amount is reduced which is understandable if it was a current report with the 'as of' date set to today, but its not ... the accounts receivable balance "at Dec 31st" report changes. This is crazy.


Answer

Hello pcfurlong,

Quickbooks Online (QBO) is designed to show the As of to date totals when running the balance sheet report. This is a cumulative report. The date range that you set only applies to net income and the specific account you've selected. 

You must specify the correct Aging Method on the A/R aging report, when comparing Balance Sheet and A/R Aging Summary or detail.

When running the Balance Sheet report, you must select Report date for the Aging Method on your A/R aging reports. This will match the Total Accounts Receivable on both the Balance Sheet and A/R aging report.

Let me know if you have further questions. I'll make sure to get back to you.

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IntuitMariaS , Community Support Specialist
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