Rainflurry
Level 15

Other questions

@Audarah1 

 

I have a few clients who have cash basis books and I figured the same thing- just zero it out. But doesn't that have implications for sales tax?

 

On cash basis, QBO doesn't book the sales tax payable liability until the invoice is paid.  Therefore, zeroing out the invoice does not change sales tax payable.  Your state may have different rules, however.