Deposit a refund check and clear negative accounts payable

thehokiepokies · ‎January 05, 2019

We've been carrying a negative balance for a vendor on our accounts payable for credit invoices that we received when we returned materials. The vendor has now issued us a refund check for those credits. How do I record the deposit and clear the negative balance on the payables?

Rustler · ‎January 05, 2019

deposit the check and use accounts payable as the source account for the deposit, use the vendor name too

then in pay bills, select the bill the deposit created and apply the credit

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Rustler · ‎January 05, 2019

deposit the check and use accounts payable as the source account for the deposit, use the vendor name too

then in pay bills, select the bill the deposit created and apply the credit

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Deposit a refund check and clear negative accounts payable

Deposit a refund check and clear negative accounts payable

Deposit a refund check and clear negative accounts payable

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