Hi Experts,
I would like to draw your attention, e.g i am using cash basis accounting and when i am trying to generate receipt and Payment summary, it is showing Accounts receivable which i have already received My question is, is the yellow description correct instead of “Amount received”?
Thanks.
Assuming you did not create it manually in the Chart of Acounts (see Set up accounts receivable | Manager) then this control account is automatically created by Manager when you create a customer. Click on the 14,000 as it would show invoices owed to you by customers despite your claim they were already paid, these were not!
This report shows the names of the accounts that monies received and monies paid were credited to and debited from respectively
So Accounts Receivable is 100% correct
