I need to take to Sales Invoices and take the amount owing to R&D Materials which will result in a zero balance owing in A/R.....how do I accomplish this?

Hi Carmen,

Thanks for reaching out to the Community. I want to make sure you get the best advice possible on how to handle that transaction. I encourage you to reach out to an accounting professional about this. Our website makes it easy to search for professionals. Here's the link to the site. Let me know if you have questions. I'll be happy to steer you in the right direction. 

---

@carmenmroz wrote:
So basically converted the Sales to Zero and post the amount owing to R&D Materials as an expense.

---

The receive payment on the invoices, the funds should be sitting in undeposited funds after that

use make deposits, select only those funds, select the cash account to deposit to

on the next line, select the R&D expense account and enter that same amount as a negative number

save the zero dollar deposit