AP as negative: Should entering a check to vendor with expense account – A/P to account for deposit on items not received cause A/P as negative on my balance sheet?
Yes, if you have a 0.00 AP balance and you post a check using AP in the detail area, then you’ll have a negative AP balance.
Normally, record the bill at the time you record the deposit paid against it, but that is harder when inventory is involved. You could post […]
Resolution for 'AP as negative issue: 'Should entering a check to vendor with expense account – A/P to account for deposit on items not received cause A/P as negative on my balance sheet?' available: Yes.
The AP as negative issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the AP as negative issue yourself by looking for a resolution described in the article. If it is a complex AP as negative issue or you are unable to solve the issue, you may contact us by clicking here or by using other AP as negative support options.
For more information about resolving issues related to AP as negative in Quickbooks/QBO or to get support for the issue 'Should entering a check to vendor with expense account – A/P to account for deposit on items not received cause A/P as negative on my balance sheet?', click the link below: