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Handson
Level 1

I have an expense in 2021 which relates to 2020 how do I create the creditor for 2020

How do I create a creditor from a current year expense that has been paid but relates to the prior year. I am doing year end for the first time.

2 REPLIES 2
Ashleigh1
QuickBooks Team

I have an expense in 2021 which relates to 2020 how do I create the creditor for 2020

Hello Handson, 

 

Welcome to the Community page, 

 

The issue you have an expense this year but the money going out is for last year? was it a bill? or an immediate transaction? eg an expense you are paying off something you got from a supplier? If the account has not been reconciled then you should be able to match it if you have created the expense manually. 

Handson
Level 1

I have an expense in 2021 which relates to 2020 how do I create the creditor for 2020

Its a manual expense straight from the bank. I have reconciled the bank. I think I need to do a journal for 2020 creditors but am not sure if this is correct.

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