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.
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.
- EvaLv 73 weeks ago
Delete the sales receipt, then make the invoice.