Accounts Receivable Issue

by VMILLER
(KILLEEN, TX)

Accounts Receivable Issue

Accounts Receivable Issue

What kind of journal entry would I use for sales that were accounted for in Accounts Receivable on an invoice? The deposits were not applied to the invoices properly, but were created anew. This is leaving a balance in the A/R for sales that should not have been put on an invoice.

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Dec 08, 2017
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How To Clear Accounts Receivable Issue
by: Stephanie

Thank you for asking about your Accounts Receivable issue. There are several ways to clear the Accounts Receivable balance still showing when deposits are directly expensed instead of flowing through A/R to clear the outstanding invoice.

The first and easiest if possible and applicable, would be to delete the invoice that is creating the outstanding balance. The longer route would be to either edit or delete and re-create the entire transaction.

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