Click the "Accounting" tab to navigate to the interface.

Use the small calendar icon to adjust the date. The date will be in the current Accounting Period.

Use the Journal Number to reference the A/P adjustment.

Using the dropdown menu, select the Accounts Payable account associated with the Bill.

Type the Amount of the Bill on the Debit column.

On the "Name" column, select the Vendor Profile of the Agent.

Select the Class associated with the Agent.

Using the dropdown menu, select the Expense General Ledger account (or Liability Account) associated with the Invoice.

Enter the Amount of the Bill on the Credit column.

Click the "Search Vendor" field and type the name of the Agent.

The Credit created by the Journal Entry will be available to be applied. Select the checkbox for the Journal Entry.

The Bill Payment will be listed as "$0.00" and the A/P Balance for the Agent has been reduced.

BILL PAYMENT (CHECK)
Payee *
View Detail
Nicolas Ortega (V)
×
Nicolas Ortega (V)
Bank Account *
1010 - Cash Register Pass Thru
1000 - Commissions Account
1009 - Company Ops Account
3000 - Credit Card
1008 - Escrow Account
1005 - Operating Account
10060 - Petty Cash
1600 - Plaid Checking
1605 - Plaid Saving
1999 - Title Settlement Clearing Account
10120 - new credit card
How did you pay?
Balance
Mailing address
Payment Date *
Ref No.
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AMOUNT PAID
$0.00

How to Make an Adjusting Journal Entry for Accounts Payable in a Closed Accounting Period

Create the Adjusting Journal Entry

Link the Journal Entry to the Bill