The bank account balance appears correctĬonsistently old outstanding bills can also indicate a profitability or cash flow issue.Accounts Payable balance is high with many aged bills.Client enters bills and then writes checks.An aged bill in the >90 days may indicate an error or a transaction that requires an adjustment. Most of the outstanding bills should be relatively current.
The Accounts Payable Aging Summary report provides a quick snapshot of the outstanding bills as of a specific date. The quickest and easiest way to identify Accounts Payable errors in QuickBooks ® is from a review of the Accounts Payable Aging Summary report.
