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April 20, 2020
Question

Can i make a journal entry to adjustment a supplier account

  • April 20, 2020
  • 1 reply
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1 reply

April 20, 2020

Hi Accounts278

 

Yes you can do that via a journal entry you would select the creditors account on line 1 and in the name, section select the supplier and then the 2nd line of the journal would be the adjustment account you are posting to. For example, if it was an opening supplier balance you can use open balance equity(sometimes called retained profits balance forward in QuickBooks Online)