Quickbooks tutorial accounts payable
I’d be more than happy to work with you again. If you have other concerns or questions about supervising your accounts, tag me in your reply. This link can walk you through the steps in matching your accounts effectively in QBO. When everything is good, you might want to read this article for future reference: Reconcile an account in QuickBooks Online. You can also check this link for the complete guidelines: Merge duplicate accounts, customers, and vendors in QuickBooks Online.
#QUICKBOOKS TUTORIAL ACCOUNTS PAYABLE HOW TO#
You can also read through this article for more information in managing your A/R and A/P accounts: How to group Accounts Receivable or Accounts Payable account types.
To ensure your book is well organized, we recommend maintaining one A/P and one Account Receivable (A/R) account. Since you have more than one A/P account, this makes the system disorganized resulting in posting to the wrong A/P account. In QuickBooks Online (QBO), you can create multiple accounts in your chart of accounts. Rest assured I’m here to help and share with you some insights on how to manage your Accounts Payable (A/P) and fix this. If you would like to see a video tutorial on how to do this. Thanks for joining the thread, appreciate you for sharing the details you’ve done to isolate this issue. To view your accounts payable, look to the left-hand navigation menu and click on the link. That didn't work as QBO doesn't let you change the account type of an account originally set up as an AP account. Then I tried changing the account type to Current Liabilities instead of Accounts Payable. I reversed all the bills that were incorrectly posted and zeroed out the Fed. How do I go about fixing this to setup the regular AP account as the default AP account so that all the bills get posted to this account? Quickbooks online doesn't give you the option of choosing the AP account like Quickbooks desktop does. And then from November onwards, all the bills are getting posted to Federal Corp. The bills they get from various suppliers got posted to the regular Accounts Payable account as they should be until October. Taxes Payable and Provincial Taxes Payable accounts also set up as accounts payable accounts. They have the regular Accounts Payable account. I've just taken over the Quickbooks Online file and it has multiple accounts payable accounts in their chart of accounts.