AboutLinda Saltz, CPA, QBalance.com Expertise QuickBooks best practices, troubleshooting, accounting, tax
We have over 70 pages of website content about QuickBooks tips,
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Experience Accountant and CPA over 20 years. Specializing in accounting software for over 12 years, Certified QuickBooks Pro Advisor, QuickBooks seminar instructor since 1997.
Producer of www.QBalance.com over 100 pages devoted to QuickBooks help and support
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Question I am trying to get a handle on my accounting as I have not been posting deposits or payments outside my normal handwritten checkbook. I am working to get my quickbooks in line but I see a problem in tracking the checking account inside of quickbooks. It seems my check register is not posting only deposits and checks written, but it is also posting open invoices. It look almost identical to my A/R report. If it stays this way I will never know what my actual checking account balance is. It is probably just a simple setting but I have wasted 2 days trying to figure out what needs to be changed.
PLEASE HELP
Answer Hi Michael,
It sounds like you are using an item on the invoice that is pointing to the check register. We need to find out which one and repoint that item to the correct income account.
Run the following report
Reports menu> List reports > Item price list> click on Modify
button on the report button bar > in the display tab, unclick price
and preferred vendor and then click "Account" , "COGS Account"
Click OK
Now - again at the top of the report on the report button bar
click on the drop down field for "sort by" and choose Account.
Scroll through this list and see which items have select the checking account on it.
Then reply here at allexperts and let me know the names of the items that are the culprit plus if this item should be considered income or are you trying to reducing the invoice for a payment
Linda Saltz, CPA
Advanced Certified QuickBooks Advisor
www.qbalance.com
We sell QuickBooks and QuickBooks Checks & supplies at a discount.
