Vendor Balance

@nilousheybani  The open balance is the total amount of money that you owe to a particular vendor.

The overdue balance is the total amount of money that you owe to a particular vendor, that was not paid prior to the established due date.

The only time these two balances should be the same is when all amounts owed to said vendor are past due.

If you want an explanation of the journal entry itself, and whether it should be deleted, you may want to post an image of it, or at least describe the accounts involved in the journal entry.

@nilousheybani  Actually, scratch a bit of my last post; may be a good idea to say what accounts are involved in the journal entry in general.

I'm not at all sure why the overdue amount would be higher than the open balance; that is odd, unless QBO is treating the open balance amount as 'the balance that is not yet past due'.

Hi @FishingForAnswers 

The JE is a debit to Lease acquisition costs and credit to AP and was reversed a few months after that. When I try to go to the pay bills - I notice a vendor credit of the amount of the difference between the open and overdue balance but I am unable to apply a credit to a journal entry.

The overdue payment looks like its the open balance + JE amount @FishingForAnswers