Unpaid sales invoice showing in Sales and Accounts Receivable

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Hi! I am a sole-proprietor with non-inventory items only (for website design). I have an unpaid invoice that is showing up in both the Sales and Accounts Receivable sections on the Summary page. Is that operating as expected, or have I possibly done something wrong? To me, it makes sense that it is in Accounts Receivable, because it is pending payment. I am surprised that it is showing up in Sales when it is unpaid.

Thanks!
Zak

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Why are you surprised? Isn´t invoicing a customer sales?

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Hi Mark!

Yes. You are correct. It sounds like from your reply that it is working as designed.

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You need to learn about accrual v cash basis accounting

Try www.accountingcoach.com for a free online learning site

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@Zak any report including Summary screen can be shown on either accrual or cash basis. Cash basis will exclude your unpaid invoices.

See: Choose between accrual or cash basis accounting | Manager

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Joe, Lubos, and Mark -

thank you for your replies. This now makes sense to me. Happy Holidays to you all.

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