what would cause an accounts payable account balance but the account has no open a/p journals or bills

AI generated answer (using internal Slack threads):

An accounts payable account balance with no open A/P journals or bills could be due to several reasons: 1. Unapplied Journal Entries: If there are journal entries posted to the accounts payable account that have not been applied to any transaction, they could cause a balance. In NetSuite, a debit to Accounts Payable on a journal entry is considered an "invoice" and a credit is considered a "credit memo". They will stay open until you apply something against them until the balance is down to zero. You can apply them basically like any other invoice or credit memo through accept customer payments or on the credit memo record itself. 2. Currency Revaluation: If your company operates in multiple currencies, currency revaluation could cause a balance in the accounts payable account. If the exchange rates fluctuate, the value of your payable in your home currency could change, causing a balance. 3. Data Migration Issues: If your subledger didn't match your trial balance when you migrated onto NetSuite, it could cause a balance in the accounts payable account. This could happen if there were errors during the data migration process, or if transactions were not properly closed out in the old system before the data was migrated. 4. Transactions with No Vendor: In NetSuite, transactions with no vendor are automatically matched in its aging reports if they have the same date. This could cause a balance in the accounts payable account. To clear the balance, you could enter journals in the accounts payable account with the same dates as the original transactions and code them to a suspense account in the P&L. This can all be done in the current period. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******