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NorthColo
Level 1

How to apply workman's comp dividend

We received a workman's comp dividend check. We applied as a credit, but now there's a negative balance in the vendor's account. Now we're thinking we missed a step or are missing something. How do we clear this credit and receive the dividend?

 

Thanks!

Solved
Best answer April 09, 2020

Best Answers
john-pero
Community Champion

How to apply workman's comp dividend

The dividend is bonus income not a rebate on what you paid but even posting it as a negative expense when deposited should only reduce your net expense, not create a negative balance. Did you use a credit memo instead of deposit window 

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1 Comment
john-pero
Community Champion

How to apply workman's comp dividend

The dividend is bonus income not a rebate on what you paid but even posting it as a negative expense when deposited should only reduce your net expense, not create a negative balance. Did you use a credit memo instead of deposit window 

View solution in original post

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