In the meantime, we haven't entered the 2nd payment and now need to. I've read multiple ways to do this and am trying to figure out what's best since we can't link the overpayment to the invoice. Options: - Issue a credit memo (Q: If I ...
Allow me to provide clarifications and proper steps on how you can write off a bad debt to an expense account in QuickBooks Online. When writing off a bad debt, QBO will only allow you to assign it to a bad debt expense account unde...
Allow me to provide clarifications and proper steps on how you can write off a bad debt to an expense account in QuickBooks Online. When writing off a bad debt, QBO will only allow you to assign it to a bad debt expense account under a non-invent...
The only information that reflects from bill to bill payment window is the Payee, Bank/Credit account, Mailing address, Payment date, Ref no., and the transaction itself. This is the reason why the memo details don't reflect when printing the check...
1) create a CREDIT MEMO for our customer Register 1 2) add a line item Gift Certificate and the associated QTY, RATE and/or AMOUNT. being redeemed 3) save & close NOTE: no money change hands in this operation. its an accounting action only. the money is in the bank from when the ...
Let's get this sorted out so you'll be able to unreconcile your statement in QuickBooks Online (QBO). To resolve this, make sure to choose the correct ending date in the reconciliation window. Here's how: Go to Accounting. Choose Reconcile. Select the account you want to...
I have my bank attached to QBO. Currently - when I receive a payment for an invoice, I open the customer, select the invoice, receive payment and fill in all info. The payment goes into my UNDEPOSITED FUNDS. From there, (I thought) I was to go to bank dep...
As a startup, the business owners charged their credit card and now those expenses need to be reimbursed. I understand creating expenses and issue a check. However, I do not understand why I need to create a Journal Entry with a credit and debit transaction? Thank ...
-- I paid for an online video service with my business credit card, which is connected to QBO. -- I decided I didn't need the service, and canceled it. -- The vendor issued a refund to my business credit card. -- I now have two transactions to review and confirm: the purchase an...
1. FIrst, an answer another Bookkeeper gave to me to avoid all this hassle is to do this: Issue another check outside of QB, then simply change the check number of the old original check instead of voiding it and list in the memo "check reissue...