Extra payments to Vendors

Hi Mary107, 

Glad to hear from you again. I hope all is well on your end. It's great that you show a gesture of kindness by gifting people. I'd be happy to steer you towards the right path with adjusting your bill in QuickBooks. 

In order to adjust a bill, click on the New (+) icon > click on Bill > this will open up a bill template and from here, click on the clock icon at the top left corner of your screen > from the drop-down list, select the bill in question > make appropriate adjustments > hit Save. I'd recommend consulting your accountant to know how to enter the overpayment the best way. Feel free to search for accounting professionals in your area using this link here if you need to. 

Give this a try and if you get stuck, don't hesitate to reach back to me in the comments below. I'm here to help. 

Hi, JamesM4

Thank you for reaching out! I am using Quickbooks Desktop Contractor Edition...I can't seem to find the clock icon?

Thank you!

My mistake. The steps I provided above are for QuickBooks Online. For QuickBooks Desktop, you'd have to open the bill in question and make the appropriate adjustments that'll reflect the gift amount. Let me know if you have questions. 

No worries, thank you! My question is, is the gift amount considered an expense?

I see what you're saying. I'd highly recommend connecting with an accounting professional for advice on how you should categorize the gift amount. I'll also leave this question open so other community members can chime in and share their advice. Feel free to ask questions.