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January 7, 2024
Question

Accounting entries

  • January 7, 2024
  • 1 reply
  • 0 views

I want to record an accounting entry.  Debit Accounts Receivable for a customer; credit the appropriate sales accounts, including sales tax payable.

To record a receivable for which I will receive a payment later

1 reply

Rainflurry
Level 11
January 7, 2024

@squirt 

 

An invoice does that.  Creating an invoice will debit A/R for the total and credit the income/sales accounts that are assigned to each product on the invoice.