The ending balance in the Accounts Payable Register is described on page 254 of the QuickBooks 5.0 for Mac User's Guide as being the total amount we are owed (the unpaid invoices minus any unused customer credit). This doesn't make sense to me. Is it instead the balance left in the checking account after each bill is paid? Thank you for your help.
The ending balance in the Accounts Payable Register is described on page 254 of the QuickBooks 5.0 for Mac User's Guide as being the total amount we are owed (the unpaid invoices minus any unused customer credit). This doesn't make sense to me. Is it instead the balance left in the checking account after each bill is paid? Thank you for your help.
This isn't "customer" but "vendor" credit. This happens when your vendor issues you a credit for returned/broken/damaged goods or if they just made a pricing error.
The A/P has nothing to do with the checking account balance.
Am I reading this wrong? This reads to me to be accounts recievable.
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