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October 27, 2024
Question

I use QBO w Live Bookkeeping. My bookkeeper has closed all months through September. Can I use JE to move June expenses btwn expense accts & blance sheet accts?

  • October 27, 2024
  • 1 reply
  • 0 views
I have two expense accoutns: "Discounts Expected" sales & "Discounts Settled." Balance sheet accounts are "Reserve for Discounts" & AR.  Some expected June disocujnts have settled - say, $1000. I want to use a a JE in June to make the adjustments. Will that cause a problem?

1 reply

November 25, 2024

No problem on inserting JE but will be affected those account ledgers to be reconciled again.