A receivable shows that someone owes the company money

When you get paid by the customer, the amount paid is posted to the receivable showing that they no longer owe you money, and then that amount is also posted to undeposited funds (or a bank account if you don’t use undeposited […]

Resolution for 'company money issue: 'Why does evertime I invoice it goes to payment on my general ledger and when I recieve payment it is normal, this way it shows I make no income.' available: Yes.

The company money 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 company money issue yourself by looking for a resolution described in the article. If it is a complex company money issue or you are unable to solve the issue, you may contact us by clicking here or by using other company money support options.

For more information about resolving issues related to company money in Quickbooks/QBO or to get support for the issue 'Why does evertime I invoice it goes to payment on my general ledger and when I recieve payment it is normal, this way it shows I make no income.', click the link below: