Our client's accounts payable is out of balance due to a journal that was done in 2021FY. What is the best procedure to correct this?

Hi justin96,

Thanks for posting in the Community!

You can correct the figures in the Accounts Payable using a journal entry in QuickBooks Online. However, to know the balancing accounts on the journal, I recommend contacting your accountant to help you check the correct account to use. That way, we can avoid messing up your books since this goes back to 2021FY.

If you don't have an accountant, you can check this link to find one near your area: https://quickbooks.intuit.com/au/find-a-proadvisor/

Check this link to learn more about creating journal in QuickBooks Online. 

Please know that you're always welcome to reply anytime if you have follow-up questions or concerns.

Hi Sheila,

Thanks for responding.

Is it possible to get more information and/or outline the procedure in the AP ledger on this one.

Thanks again

Hi justin96,

I understand you needed help how to correct the accounts payable balance. Journal entries can be used to enter transaction to help you books to balance in specific ways. It would be best to seek professional accounting advice from your accountant to ensure the accuracy of your account. If you are not affiliated with one, you can check this link to Find an accountant in your area. 

Feel free to reach us back if you need further help. Have a good one!