Vendor balance

Welcome to the QuickBooks Community, @CatDet5627.

Possible reasons are:

• You've entered an opening balance upon creating the vendor,
• there is an overpayment/credits that are made,
• the vendor still has an open transaction recorded in QuickBooks. 

You can run the Vendor Balance Detail report to check what transactions make up the current balance with each vendor. Here's how:

1. Go to the Reports tab.
2. Select Vendors & Payables.
3. Click the Vendor Balance Detail report. 

To correct or to adjust the balance you can check this article link: https://quickbooks.intuit.com/learn-support/en-us/journal-entries/write-off-customer-and-vendor-bala.... 

However, before making changes to your transactions, I suggesting consulting an accountant and make sure to create a backup copy of your file.

For more information, you can read through this article: https://quickbooks.intuit.com/learn-support/en-us/customer-statements/how-to-enter-outstanding-balan...

Don't hesitate to post a comment below if you have concerns with QuickBooks. I'm always here to help. Stay safe and take care always.

Vendor Balance Detail shows zero.  It is on the Vendor Page and I scroll down to that vendor, it shows a balance.  

Thanks for getting back to us, @CatDet5627.

You can filter the transactions from the Vendor Information page to see the balance details of the vendor. Let me guide you through the steps.

1. Go the Vendors menu, then select Vendor Center.
2. From the vendor's list, select the appropriate vendor with the balance.
3. In the Transactions tab, choose Balance Details from the Show drop-down.
4. From the Open Balance column, you'll see the balance showing on your vendor.

To get rid of it, you'll have to open the transaction and make a payment.

Just in case you want to run and customize vendor reports, feel free to check out this article for more guidance: Customize vendor reports.

Please keep in touch if there's anything else I can do to help you succeed with QuickBooks. I've got your back. Have a great day and keep safe.