Question

Which three transactions in QuickBooks Online are reflected in the accounts payable aging report?

Answer 1

Three transactions in QuickBooks Online are reflected in the accounts payable aging report: purchase invoices, bill payments, and vendor credits.

Step-by-step explanation:

Three transactions in QuickBooks Online that are reflected in the accounts payable aging report include:

1. Purchase Invoices: When a company receives a purchase invoice from a supplier and records it in QuickBooks Online, the accounts payable aging report will show the amount owed to that supplier.
2. Bill Payments: When a company makes a payment to a supplier for a previous purchase, the accounts payable aging report will show the reduced amount owed to that supplier.
3. Vendor Credits: If a supplier issues a credit to a company for overpayment or returning goods, the accounts payable aging report will reflect the decrease in the amount owed to that supplier.