![]() ![]() A journal entry crediting A/R as a target account (e.g., transferring a credit to another job).A journal entry crediting A/R as the source account and a target is a balance sheet account.A deposit recorded to the A/R account but not linked to a payment or an invoice.A credit memo to a customer not linked to an invoice or a refund check.A payment linked to an invoice dated in the future if the report date is before the invoice date.A payment from a customer not linked to an invoice.An invoice with an item recording retainage to another current asset account.Transferring a credit from one job for a customer to another job for the same customer before the journal entries are linked to the credit memo for one job and the invoice for the other job.A journal entry debiting A/R as a target account.A journal entry debiting A/R as the source account and crediting a balance sheet account as a target.An open Invoice or statement charge with inventory parts. ![]() A check to a customer recorded to the A/R account, but not linked to a credit memo.An open invoice with sales tax if the preference is set to "As of invoice date" (accrual basis).The next lines in the transaction show the target accounts. The first line of the Transaction Journal Report shows the source account. You can view the posted accounts in any transaction by running the Transaction Journal report. The only way to assure that cash basis reports have no anomalies is to use only transactions that don't affect A/R or A/P.įor the discussions below, please be aware that every QuickBooks transaction has one source account and one or more target accounts. QuickBooks wasn't designed to be used in this way and reporting anomalies result. Many companies use A/R and A/P accounts and report on the cash basis. The Cash Basis Balance Sheet (CBBS) shouldn't show Accounts Receivable (A/R) or Accounts Payable (A/P) balances because these accounts track open (unpaid) invoices and unpaid bills. ![]()
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