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QuickBooks Tips Blog

QuickBooks Clearing Account for Customers and Vendors

Posted by Alex Viau on Nov 1, 2013 6:00:00 AM

I will adamantly tell most QuickBooks professionals and home users that they should keep away from General Journal Entries (GJE's) when possible. However, sometimes it's required
to make multiple GJE's to get balances in QuickBooks to agree and apply correctly. The most common instance I use GJE's to clear out accounts is when I need to apply credits to vendors and customers.

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Topics: Accounting Reconciliation, Clearing Accounts, Clearing Account, quickbooks tip