Cleaning up my 5013c club books. Create an invoice for dues, Receive payment, Record deposits. Three years of dues $75,960.00 show up on our balance sheet "Other Current Assets" as undeposited funds. If paid and deposited why? Was the item created incorrectly from the very beginning? Created as TYPE: Other charge.
My books go back to June 30, 2016. Another error is during the first 8 months Accounts Payable shows up -$20,185.46 on the balance sheet generated by 36 entries in the first 8 months. We have never not paid a bill. Used the proper procedure Enter Bills - Pay bills. Shows up on the check register with a check number & the notion BILLPMT while others show up as CHK. Any ideas? The transactions happened so long ago I could delete the "Enter Bill - Pay Bills" and just record the check, but would prefer to keep all info. Thanks.
