dwtn
Level 1
‎July 14, 2022 08:41 AM

JE to AP & the reversing JE how to net the two

Our CPA's did a JE to AP with a vendor Misc one year and did the reversing JE the next.  However, the JE's show up on the AP aging.  How do I net the JE's together to get them off the aging report.  We have QBO.  There is nothing in Vendor Pay since there are no invoices and if I go to vendor under Misc and click on the transactions it just takes me back to the JE.

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RCV
QuickBooks Team
QuickBooks Team
‎July 14, 2022 09:53 AM

Other questions

We want to get the best help for you, @dwtn.

I'd like to make sure that we're on the same page so I can provide you with the right amount of information. May I ask if your accountant trying to allocate a transaction between two accounting periods or fix a debit and credit error when reversing a journal entry? What posting accounts have been applied when creating a JE to AP with a vendor Misc? Any details or screenshot is appreciated so we can narrow down this issue.

I'll be here waiting for your response to answer any questions I can. Have a great day ahead.

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dwtn
Level 1
‎July 14, 2022 10:24 AM

Other questions

12/31/2013 & 1/1/2014  Yes, two accounting periods  a auto reversing JE in QBO

DR COGS

CR AP  Vendor MISC

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dwtn
Level 1
‎July 14, 2022 10:26 AM

Other questions

To be clear the reverse of the JE in Jan

Dr AP

Cr Cogs

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