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hey everyone its AJ Stockwell and in this video Im going to talk through another common Pitfall that I see in QuickBooks which is when people do not apply payments to invoices properly and there are a few different ways that this can happen and it can also apply to both customer invoices and vendor bills or vendor invoices so whether its accounts receivable or accounts payable I often see that on both sides people are not recording these payments correctly and at best it can lead to somewhat messy books because you have these open transactions and loose ends but at worst it can lead to misstatements on your financial statements because you can be recording extra Revenue extra expense or inventory and things like that there are a handful of different examples that Im going to go through and show you so lets jump right over to QuickBooks so the first thing that I want to look at is the accounts receivable aging summary and there are a few different ways to get there we can go to re
