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QuickBooks Negative Accounts Receivable is a kind of issue that most QB users are not aware of. The issue of negative QB Accounts Receivable (AR) occurs when payments and credits are not applied in QuickBooks and the same badly affects the statement of your financial statements. And this payment is that which has been received from customers and treated as “received” in the accounting software program using the received payments window. And this is also the same payment that has not been applied to an invoice. It also happens when you have credit memos but they have never been applied to an invoice. It is a big problem and need to be treated as soon as possible. So, you better call QuickBooks support center using a toll-free phone number.

As a QB user, you should have a better understanding of unapplied customer payments and credits which are not shown up as Income on your cash-basis P/L report. Your income will be treated as under-statement if an invoice is created and payment is received, but it is unapplied. If something like this happens with you, it could be a fatal mistake when tax professionals go through your P/L report. It clearly indicates to the need of expert assistance that can guide you in the right direction and the same guidance comes to QB users in the form of QuickBooks troubleshooting help desk that is active 24/7 for all eligible users.

You can easily run a report called “Open Invoices” under Reports – Customers and Receivables in order to confirm if you have any sort of unapplied payments or not. To overcome the situation, you have to make necessary changes to entries of payments and credits. So, you also have another way to examine the status of unapplied payments or credits in your accounts payable or accounts receivable system. And the same way is to run a balance sheet report on a cash basis. In case, you find any sort of negative numbers in the accounts payable or accounts receivable, make sure something is wrong.

If you want to have detailed and in-depth information on QuickBooks Accounts Receivable Questions, QuickBooks accounts receivable tutorial, QuickBooks accounts receivable adjustments QuickBooks accounts receivable journal entry, QuickBooks accounts receivable aging report, and cash basis accounts receivable QuickBooks, then QuickBooks troubleshooting support center is the best options to make things happen and take control of the financial and accounting management software in a never before way.

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