How can I get rid of the beginning balance in accounts payables? Everything was expensed during the year.
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How can I get rid of the beginning balance in accounts payables? Everything was expensed during the year.
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?
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