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-   -   Beginning balances (https://www.askmehelpdesk.com/showthread.php?t=135914)

  • Oct 1, 2007, 01:08 PM
    mleechamb
    Beginning balances
    How can I get rid of the beginning balance in accounts payables? Everything was expensed during the year.
  • Oct 1, 2007, 10:37 PM
    CaptainForest
    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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