I have a friend who has asked me to clean up his accounting. His A/P has a lot of debit balances in it and I thought by making a JE I would not only zero out the balance but also eliminate the detail when I ran an aging. I got the balance to zero but I see debit balances and the JEs in the aging. What do I do to eliminate all this detail, both debit, and credit?
To fix this, apply outstanding credits using the Pay Bills feature to any open items you see in the table of unpaid things, which might include your adjustments.
I credit/debited the accounts using journal entries but now I'm thinking I should have entered them as vendor credits and then apply them against the debits. Guess I have some work ahead of me deleting the JEs and issuing internal vendor credits. Thanks for the help, Jeff
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