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    srayoum1127's Avatar
    srayoum1127 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 26, 2014, 12:11 PM
    I need to correct my accounts payable and inventory in quick books
    In quick books my accounts payable is overstated how do I fix this and how do I avoid this same mistake in future I enter bills from my supplier debit my inventory and credit accounts payable but when I make a payment I again am debiting my inventory not my accounts payable when I try to debit my accts payable it wants a vendor I have tried to get it to debit and credit the right accounts but I am failing can you help me it has been a while since I was in accounting class but I still don't get what I am doing wrong can you help me
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 29, 2014, 06:16 AM
    If I remember Quickbooks it has a function for making payments from creditors and one for making payment through the cash book, neither of which require you to debit inventory. you should be able to select the creditor from a drop down menu
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