EZLynx Accounting: QuickBooks Online: How to Clear Open Invoices
Modified on: Thu, 26 Aug, 2021 at 10:45 AM
- Within QuickBooks, click Receive Payment at the top.
- Select Accounts Receivable Import at top left.
- At Deposit to drop-down, select Unapplied Cash.
- Go to the first Outstanding Transaction.
- Select the Credits. The amount received will likely be a negative amount, assuming there are more credits than the single selected debit.
- Select additional Outstanding Transactions until the amount received is positive.
- Save and close the transaction. There is now an Unapplied Cash posting that must be cleared.
- Add a Journal Entry to debit A/R and credit Unapplied Cash for the payment amount above.
The instructions above are only for clearing open invoices, a very specific task.
For information more detailed information about invoices, click here and see pages 18 - 20 of the EZLynx Accounting User Manual.
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