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Join nowI've got the steps you need with your vendor electronic payment, @jmacmillan-invic.
I'm here to ensure you're able to record the electronic payment to the right vendor. This way, the vendor reports, and forms are accurate at the end of the year.
To start, I'd recommend entering a vendor credit, then deposit the create a deposit. Let me show you on how:
5. Go back to the +New and choose Bank deposit.
6. On the Account menu, select your bank account.
7 In the Add funds to this deposit section, pick your vendor.
8. Choose Accounts Payable in the Account field, then choose Payment Method, and enter the same Amount.
9. Tap Save and close.
Once done, create a check to link the two transactions created. This way, the funds will be forwarded to the right vendor.
Here's how:
Additionally, you can always access any vendor reports to track all the data you've entered into the system. Then customize it to show specific details.
Lastly, I've also included these helpful articles on how to manage vendor transactions, modify payment methods, and handling Online Bill Pay.
I'm always here if you need further assistance with your vendor payments. Have a good one.
Hi Rachel,
I was a little bit skeptical in entering the steps you provided, however, as I followed your instructions the entries made sense and all balanced in the end.
Thank you very much!
"You cannot track tax on accounts of types Accounts Receivable and Accounts Payable"
When I tried to this I goy the above message
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