Showing results for 
Search instead for 
Did you mean: 
Level 4

Balance Sheet: Accounts Payable

When listing the accounts payable line item in the Balance Sheet - What if at the point when preparing the report I still don't know the amount of the outstanding invoices that my vendors will be issuing. It happens in my case as the invoices are based on the previous cycle performance/consumption and only few weeks into the following month the various vendors issue the invoice. During the waiting time I can not tell and/or estimate the final number.
What should I do in such scenario?

1 Comment 1
Community Champion

Balance Sheet: Accounts Payable

Until the point in time your vendor issues an invoice and you enter it as a bill you have no activity in accounts payable. That account is populated only when you enter bills. Do nothing until you have invoice in hand

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up