I needed to create year-end reports, and with HOA dues received in 2021 for 2022 invoices, I was getting a negative Accounts Receivable amount in the balance sheet. The JEs that our CPA told me to create moved that money tidily into Deferred Revenue on the balance sheet. When I created corresponding JEs in 2022, then applied the payments to invoices, the customer's outstanding balance appeared correctly. It's just that QBDT seems to be holding onto those dollars as credits that it wants to apply to new invoices.

I'm not an accountant, but I am a software developer and tester, and this smells like a QB bug. No?