why does the balance of the supplier summary report and the accounts payable amount on the balance sheet sheet not balance?

Hi, Kasaneacc. The balance of the Supplier Summary report and the Accounts Payable amount on the Balance Sheet won't be aligned for various reasons, including incorrectly selecting the accounting method. To resolve this, please ensure that your balance sheet report is set to the accrual basis.

If you set the accounting method to cash, the amounts in both the Supplier Summary report and the Accounts Payable on the Balance Sheet won't be aligned.

To learn more on how to run a report in QuickBooks Online, feel free to check this article: Run a report in QuickBooks Online.

Additionally, you can also check this article. If you want to customize your report, there are many ways to customize your reports: Customize reports in QuickBooks Online.

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