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Level 1

Is anyone having issues with balance sheet, where posting a bill is showing up under wrong account?

 
5 Comments
Level 9

Re: Is anyone having issues with balance sheet, where posting a bill is showing up under wrong account?

Can you be more specific? You control the account that a bill posts to, so if a bill is posting to a balance sheet account the account you selected was setup as a balance sheet account.

Level 1

Re: Is anyone having issues with balance sheet, where posting a bill is showing up under wrong account?

After creating a bill, or bill payment, it is erroneously showing up under Accrued Trade Payables on the Balance Sheet

QuickBooks Team

Re: Is anyone having issues with balance sheet, where posting a bill is showing up under wrong ac...

Hello there, @stephanie-dupuis.

 

Thank you for getting back to us and providing extra details. I can help you correct the posting account of the bills.

 

First, let's open and run the transaction journal of the bill. This will help you verify the posting account of the item.

  1. Open the bill.
  2. At the bottom, click More.
  3. Choose Transaction Journal.

 

To change the posting account from Accrued Trade Payables to the correct one, you'll have to modify the item's accounts:

  1. Click Sales.
  2. Choose Products and Services.
  3. Look for the item.
  4. Click the Edit link under the Action column.
  5. Update the account information.
  6. Click Save and close.

That should update the posting account of the item, stephanie-dupuis.

 

Let me know if there's anything else you need about reporting or items. I'm still here to offer additional help. Wishing you all the best!

Level 1

Re: Is anyone having issues with balance sheet, where posting a bill is showing up under wrong account?

Please Note:  The transaction is linked to the correct account, but is erroneously listed under Accrued Trade Payables in the Balance Sheet

Anonymous
Not applicable

Re: Is anyone having issues with balance sheet, where posting a bill is showing up under wrong ac...

Hi, @stephanie-dupuis.

 

Thanks for getting back to us and letting us know about the incorrect account on your balance sheet. Allow me to help provide further information about your issue.

 

Accrued Trade Payable may have become the default Accounts Payable in your QuickBooks account. All the vendor balance will be accrued and totaled under that default account if that's the case.

 

You can check out these helpful articles for more details in managing your default accounts in QuickBooks Online:

 

How to manage default and special accounts in the Chart of Accounts

How to group Accounts Receivable or Accounts Payable account types

 

We've recently updated our support experience in QuickBooks Online. You can reach out to our support team if you need immediate assistance in going through the steps. Just follow the steps provided in this link: Contact the QuickBooks Online Customer Support team.

 

Please know, that I'm just a post away if you have other questions about your accounts in QuickBooks. I'm always ready to help.

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