QB Issue Resolution:

Because you used a Balance Sheet function (AP) for another Balance Sheet function. That means it will show, or the Balance Sheet is not In balance.

You also just moved a Liability to a Liability. In Circles.

If you intend to use Bills for this, rather than checks or Memorized Checks, you should change the date on the Bill to the next year.

Resolution for Issue 'Why does accounts payable appear at year end on a cash basis company for capitalized costs?' available: Yes (Solved).
Source: Intuit Community forum.

Why does accounts payable appear at year end on a cash basis company for capitalized costs?: this 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 issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for alance Sheet
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!

Error Recovery for alance Sheet [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.

Get 50% off Quickbooks Online

Click Here for 50% off!

Additional Support Options: