Anonymous
Anonymous asked in Consumer ElectronicsOther - Electronics · 3 weeks ago

In quickbook online, how do I fix an understatement on the accounts receivable balance that caused an overstatement on the checking account.?

The right entry was supposed to record an invoice first. But I overlooked and recorded immediately a sales receipt. I tried to post a photo of the snap screen sales receipt but it won't accept it. Your help in this regard is greatly appreciated.

Update:

I overlooked posting a sales on account. However, the sales account, cost of goods sold, and net income were never affected. Only the checking account and accounts receivable got affected.

1 Answer

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  • Eva
    Lv 7
    3 weeks ago

    Delete the sales receipt, then make the invoice.

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