One of my businesses was basically dormant last year with only one invoice issued in the amount of $10,500 for one item. That item had a cost of $5,000. Note that I am using quickbooks pro 2011 in cash basis with inventory turned on.

What I noticed was that my year end balance sheet shows accounts receivable of $5,000.

If I change the amount I paid for this item it changes the accounts receivable amount accordingly. Changing the sale amount on the invoice has no effect on the accounts receivable amount.

This seems incorrect or am I missing something?