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EDags
July 6, 2023
Question

AP Aging Summary

  • July 6, 2023
  • 1 reply
  • 0 views

AP Aging Summary doesn't match the Balance Sheet. The Vendor Balance Summary and Detail are both correct. How does this happen and how do I fix it? 

1 reply

MorganB
MorganB
July 6, 2023

Hey there, EDags.

 

Thanks so much for taking the time to contact the Community for support. I'm here to provide some info about the Aging Summary and Balance Sheet reports in your QuickBooks Desktop account.

 

Discrepancies between the Accounts Payable (AP) Aging report and the Balance Sheet often occur because of future payments made against current bills. The Accounts Payable Aging report doesn't include bills with a status of Paid, so, while they may seem to disagree, both the Balance Sheet and the Accounts Payable Aging Detail reports are correct because the bill is no longer open.

 

The following article provides additional information about Balance Sheet and Accounts Payable Aging report disagreements. Lastly, this link offers details on how to get your Aging Reports to match.

 

Please don't hesitate to reach back out if you have any other questions or concerns. Take care!

 

 

E
EDagsAuthor
July 6, 2023

In this case I have not made any payments to this vendor so that can't be the issue. I am on QB Desktop Premier edition is that makes a difference in your response. 

MorganB
MorganB
July 6, 2023

Thanks for getting back to me, EDags.

 

Since the payments have been ruled out as the cause of the issue, I recommend reaching out to a member of the QuickBooks Desktop Support Team. Agents have specialized tools, like the ability to share your screen, to take a more in depth look in determining the cause of the difference. 

 

This link gives you the info to get in touch with the team: Contact QuickBooks Desktop support

 

Drop a comment below if you have any other questions. I'll be here to help in any way that I can.

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