How to enter the credit purchase entry in QuickBooks android app ?? Would it show inventory and accounts payable figures for this in balace sheet in the same app ??

users-super2018 · ‎February 01, 2021

I am not able to record a credit purchase entry in the app. I want the entry to be recorded plus its correct display in balance sheet as an inventory on asset side & as a accounts payable on liability side. Plz help me with this

Kristine Mae · ‎February 01, 2021

You're unable to create a credit card purchase through the app, Users-super2018. You'll have to record it through the web.

Let me guide you:

Click the New or Plus sign (+) icon.
Select Purchase Bill.
Under Item details, select the inventory item.
Click Save and close.

When you open the Balance Sheet report, it will affect the Inventory Asset and Accounts Payable (Creditors) accounts.

Once you're ready to pay, you can use the credit card for the payment account.

I'll also include this article for more information: Enter bills and record bill payments in QuickBooks Online.

Reach out to us again if you have other concerns. We're available 24/7 to help you. Take care!