mleechamb
Oct 1, 2007, 01:08 PM
How can I get rid of the beginning balance in accounts payables? Everything was expensed during the year.
CaptainForest
Oct 1, 2007, 10:37 PM
Accounts Payable is a liability account.
You can get rid of the account once you pay the debt off, or if the debt is forgiven/dismissed.
What do you mean by you expensed your payables?