Re: Income/Sales and Purchases Reports

This is a single vendor that I had both a payable and receivable with in 2011. The transactions were originally setup in 2010. Funds were exchanged in 2011 by entereing a payable and receivable. Let's say, for example, the expense or income associated with vendor is custom application.

If I run a report for interest expense the vendor with show up in report as a payable and that payment wasn't received.

I have confirmed the information is applied to the income statement correctly.

Hope that help!!!

Jay