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Join nowThanks for joining the thread, @CF60.
You can create a journal entry to move the amount from a liability account to an invoice account. And I'll be glad to share a few more options that you may want to consider.
Creating a journal entry to transfer an amount between accounts is just one of the four options you have. Your other options are:
Since the amount is from a liability account, you'll need to create a journal entry to transfer the amount to an invoice account. Here's how:
But before doing so, I still recommend seeking help from your accountant. He/she could guide you which option to take based on your recording practice and business needs.
You can also read these articles for the detailed steps and information:
That's it! If you have any other questions, feel free to comment below. We're always here to help you.