Account Payable Account

by Evelyn
(New York)

Account Payable Account

How do you remove an account payable with a balance from a computer program? This account was entered in a business account. However, it is a personal account and should not have been included. To remove this account, I would have to debit it, but what account would I credit?

Accounts Payable Balance Correction

by Arthur
(New Zealand)

Accounts Payable Balance

My year end balance sheet for last year, shows accounts payable, a liability. This means that the expense for this liability has been taken in the past year, but of course the payment has not been made. How do I account for the payment of this liability, which of course will happen in the new year? I don't have an expense (since it has already been taken last year) to match the payment in this year. So when I credit my bank account, what is the debit account?

Accounts Payable GL

Accounts Payable General Ledger

Is the Accounts Payable account in the general ledger supposed to match with the A/P Invoice Aging Report? If so, why?

Accounts Payable Gratuities

Tips and Gratuities

I use PCLaw. I am trying to enter an account payable for a meal I bought. The tax and the total amount do not add up because there was a delivery charge and also a tip added to the initial amount charged. The program won't let that happen. But if I discount the tip and delivery charge the total amount is incorrect.

What do I do?

Thanks for any help that can be provided.

Accounts Payable Refund

Accounts Payable Refund

How do you give an accounts payable account a refund?

AP Ledger Report

by Christel
(Boston, MA USA)

AP Ledger Report

Why does my AP Bookkeeping Ledger detailed summary report show 0's in all columns except in 90 days and over. It shows the original invoice $ amount? How do I fix it?

Delinquent Accounts Payable

by Gary Tucker
(Kansas City KS USA)

Delinquent A/P

I am behind financially with my manufacturer. About a year ago, he took the old balance I owe and has treated it as a completely separate amount from the business I have done with him since. I have sent him thousands of dollars for orders since he separated and isolated that old balance. It's like 2 accounts. The old balance keeps getting older and older. I have however paid some against the old balance as well.

Shouldn't any money I send to him be applied to the balance as a whole and not separated from one balance to another which would keep the account from growing farther and farther behind? Shouldn't the money be applied to the back end and not the front end? All the business I have done with this company has been for the same products for over 6 years.

Entry For Stock Purchase of Company in Exchange for Note Payable

by Linh
(Virgina)

Stock Purchase

We are considering purchase of company from existing owner. It is sub chapter S. We get the stock and pay the owner cash and he takes back a note payable. How are these entries done?

Thank you.

Loan Penalties Payable

Penalties Payable

Can I record in the books penalties for bank loan payable which are not yet paid?

Payroll Check Running Through Accounts Payable

Payroll Check

What are the negative implications of running payroll checks through accounts payable and not through a payroll service?

Trial Balance and A/P Schedule

by Claire
(Massachusetts)

Trial Balance

I have a general journal entry that says "check correction wash". What does that mean? And how would QB's mark it as paid? This is causing the two to not balance.

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