Banking

Greetings, YasirParvez.

I have just the steps that'll help you clear the balance of your Accounts Receivable (A/R) account.

The ideal way to handle this is to create the appropriate invoices for these transactions and apply them as payment. The steps below will guide you through the entire process:

To create invoices in QuickBooks Desktop

1. From the Customers menu, choose Create Invoices.
2. Select the correct customer from the Customer:Job drop-down menu.
3. Enter the Date and Invoice Number.
4. Fill in the appropriate details on the Item, Description, Qty, Rate, and Amount fields.
5. Click Save & Close.

To apply the payment to the invoices

1. From the Customers menu, choose Receive Payments.
2. In the Received From drop-down menu, pick the correct customer.
3. Check the invoices.
4. Click Discounts and Credits.
5. In the Credits tab, select the Available Credits.
6. Click Done, then Save & Close.

All of this information and more is available in our guide on how to resolve common issues when applying a payment towards an invoice.

That should get you going in the right direction. Please reach out to me again if you need more help with this. I've always got your back. Have a great day!