invoices/receipts take-ons

wyllis-printgpc- · ‎March 06, 2023

Hi everyone. As mentioned before I am a newbie on QB online. I have one more question regarding the take-on of outstanding invoices and receipts at end of feb 2023 from previous package. This particular customer

is problematic in that there are +- 120 transactions currently reflecting on their old statement., a mixture of unpaid invoices and payments not as yet allocated due to them not providing remittance advices. The customer is being handed over for debt collection but I obviously need to take them on in QB in anticipation of payment.

I really cannot face the task of capturing each individual invoice and receipt manually.

My question is can I / should I do a journal entry Dr A/R and Cr Sales and vat with total amount owing. OR

can I create an invoice with a total arbititary inv no for total amount owing take on purposes - eg JNL001. In doing with option I would attach the sttement and unpaid invoicesthis

Any feedback woul.d be most appreciated.

Regards

Wyllis

FritzF · ‎March 07, 2023

Hi there, wyllis-printgpc-.

Thanks for getting back to us. I'm here to share information about outstanding invoices and receipts in QuickBooks Online (QBO).

My colleague shared detailed steps on how to manage your outstanding invoices and receipts in your previous thread. However, if you wish to create a journal entry (JE), I highly suggest consulting your accountant for further guidance on selecting the proper account to use.

Here's how to create a JE:

In QBO, click the + New option at the top left.
Select Journal entry.
Enter the other necessary information.
Hit Save and close to complete.

To learn more about managing and entering JEs in QBO, consider checking out this article: Create journal entries in QuickBooks Online.

I'm also adding this article that tackles customer credits in QBO for further information: Create and apply credit memos or delayed credits in QuickBooks Online.

For more tips and other resources you can use in the future, I recommend visiting our website: Self-help articles.

Please leave a comment in this thread if you have additional questions about this or anything else QBO. I'll be more than willing to help. Stay safe.

View solution in original post

FritzF · ‎March 07, 2023

Hi there, wyllis-printgpc-.

Thanks for getting back to us. I'm here to share information about outstanding invoices and receipts in QuickBooks Online (QBO).

My colleague shared detailed steps on how to manage your outstanding invoices and receipts in your previous thread. However, if you wish to create a journal entry (JE), I highly suggest consulting your accountant for further guidance on selecting the proper account to use.

Here's how to create a JE:

In QBO, click the + New option at the top left.
Select Journal entry.
Enter the other necessary information.
Hit Save and close to complete.

To learn more about managing and entering JEs in QBO, consider checking out this article: Create journal entries in QuickBooks Online.

I'm also adding this article that tackles customer credits in QBO for further information: Create and apply credit memos or delayed credits in QuickBooks Online.

For more tips and other resources you can use in the future, I recommend visiting our website: Self-help articles.

Please leave a comment in this thread if you have additional questions about this or anything else QBO. I'll be more than willing to help. Stay safe.

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