Payment behalf of the clients

imanB · ‎July 31, 2022

Our company provide a student Visa services to international students. We have a problem how to add an account to this transactions.

For example: Students wire or deposit their tuition fee into our checking account and we will pay tuition fee on behalf them to some university in one or two week later.

Since this is not considered our income (just payment behalf of the clients), could you help to how to assign this transaction? how to add an account to chart of account? or ....

Please help us.
I use QB online.

Regards,

Iman

JamaicaA · ‎July 31, 2022

Hi there, @imanB.

I see that you've posted the same issue on a different thread. My colleague has responded to you with the details on how to setup accounts for the tuition. She also included the steps to create an invoice for the transparency. See this link for the complete info: https://quickbooks.intuit.com/learn-support/en-us/account-management/re-how-can-i-recover-backup-4-d...

Feel free to reply if you have other account questions or any other QuickBooks-related concerns. The Community is here to help you.

imanB · ‎July 31, 2022

Thanks a lot

but I didn’t get my answer.

I meant since some clients are not able to transfer money from abroad directly for a service in Canada, we get the money they provide to exchange companies and we pay the service fee to Canadian service providers on their behalf.

imanB · ‎July 31, 2022

Thanks a lot

but I didn’t get my answer.

I meant since some clients are not able to transfer money from abroad directly for a service in Canada, we get the money they provide to exchange companies and we pay the service fee to Canadian service providers on their behalf.

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Payment behalf of the clients