How I can deduct the amount I owe from others ( A/P) from the invoice balance (A/R)

Hi Mahdi-sun212:

In QuickBooks you'll have two accounts relating this relationship; one supplier, and one customer.  In order to deduct an amount you owe a vendor, from money they owe you as a customer, you would simply create a journal entry debiting the vendor (closing out the invoice) and crediting the customer (which would show as a credit memo on their invoice).

Hi mahdi-sun212,

Keeping your books accurate is key in the running of your business. QuickBooks Online offers several great features that help you record various types of transactions. I'll be happy to share more on this.

When it comes to money movements between your accounts payable and accounts receivable, journal entries are a good option. For more on how to create a Journal Entry in the system, check out this article: Create a journal entry in QuickBooks Online

Choosing the default A/P and A/R accounts in the journal entry enables you to select corresponding vendors and customers related to the transaction to debit and credit accordingly. Because this procedure is recommended if you're well versed in accounting, I'd suggest reaching out to your accountant to make sure everything is lining up correctly in your books. If you don't have an accountant, you can find one on our Find-a-proAdvisor website

I hope this helps! Feel free to stop by if you need anything else.