When I receive a bill, I enter it as accounts payable. When I run a balance sheet, I don't see any accounts payable under Liabilities, even though I have a series of bills that are waiting to be paid.
Shouldn't I be seeing whatever is owed under Liabilities as Acct Pay?
If so, how would I set that up?
Thanks
Ray
Accounts Payable
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Re: Accounts Payable
PowerChurch Plus is a cash-basis accounting system.
It sounds like you are looking for accrual numbers on your Balance Sheet.
Account balances don't change in PowerChurch Plus until you write the check and post it.
It sounds like you are looking for accrual numbers on your Balance Sheet.
Account balances don't change in PowerChurch Plus until you write the check and post it.