Hi there, @Paras1. I've got some info on why your Accounts Receivable account shows a negative balance.

Every accounting entry has equal and opposite effects in at least two different accounts. In the double-entry system, transactions are recorded in terms of debits and credits. 

Accounts Receivable (A/R) is normally a debit balance. The amount of A/R is increased on the debit side and decreased on the credit side. When cash payment is received from the debtor, cash is increased and A/R is decreased. When recording the transaction, cash is debited, and A/R are credited. This is the reason why payment and deposit transactions show as negative in the A/R Transaction report.

You can also pull up the A/R Aging Detail report to see which customers have past due balances and how long each transaction is past due. 

I'm always around should you have other questions about running reports. Have a great day.