Manage Customers and Income
Recently active
Original commenter did not share additional details
In 2019, my client invoiced their client in QBO, recording revenue to their Services account. When the invoice was paid, rather than receiving payment, they recorded revenue to another income account. Now, income is overstated for 2019 and there's an open invoice more than a year past due. I don't want to change anything in 2019 for tax purposes (it's a negligible amount), but I need to clear out this invoice. If I 1) change the bank deposit to book to Accounts Receivable instead of the other income account and receive payment, applying the deposit to the invoice, or 2) delete the invoice, that will impact 2019 numbers. What would be the best way to clear the invoice out and not impact 2019? Thanks in advance for your help!
I have reconciled out of order. I am now working on the correct year, but my beginning balance from my bank statement is negative. I've attempted to change the date and my opening balance, but online I can't figure out how to save it as negative. HELP.
