Hi there, @ohio_coffee.
I agree with your recommendation. You can send an invoice from the customer profile and then move it to their vendor profile. But before doing so, I still suggest reaching out to your accountant for additional guidance. And also to ensure you follow your business' method of accounting.
To know more about the different workflows you can use to track customer and vendor transactions in QuickBooks, see the below articles:
Please reach out to us here if there's anything you need. We're always happy to help you along your road to victory. Wishing you and your business continued success.
Could you expand on "move it to their vendor profile".
I just tried a test on an invoice and a payment. "Customer job" on the invoice and "Received from" on the payment will only give me customer profile options.
How do I move it?
Thanks for the reply. Allow me to further assist you in requesting a refund from a vendor.
We're unable to send a request in QuickBooks Desktop to a vendor for a refund. You'll want to make an internal agreement with them and inform them what happened and why you need the $1,000 back.
Once you received it, you can record it in QuickBooks Desktop as a vendor refund. Follow these steps:
Also, I added articles if you need to move money from one account to another account as well as detailed steps in reconciling your accounts:
Leave a comment again below if you need more assistance with this or if you need help in recording transactions. I'll be happy to help!
This is the most morainic system I have ever used. Quickbooks is nothing but a SCAM! Are you telling me, my Vendors cannot be customers?!!! I have a vender I want to do business with. I buy his stuff and then sell him my stuff, if I use Quickbooks, I can't do this!
I appreciate your input from every angle.
QuickBooks Desktop (QBDT) allows you to create a customer that is also a vendor. However, since you can't have the same name in both lists, make one of the names slightly different.
To create a customer, here's how:
Once done setting it up, you can now create an invoice for the stuff you sell to your vendors.
For future tasks, you can check this article for guidance on receiving payments for your invoices: Record an invoice payment.
If there's anything else you need help in managing your transactions in QuickBooks, feel free to leave a comment below. I'm always here to lend a hand. Have a good day!