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Join nowCompany rent a office 0n 1st Jan 22 for one year with payment term one CDC payment and three PDC dated 1st Apr 22 , 1st July 22 , 1st Oct 22.
The landlord issue bill on 1st Jan 22 for full year rent amount,
Using below accounts to make my transaction
Prepaid business rent
Business rent (expense Ac)
Bank
Landlord P/A
My Question How to Book my transaction in qb online
Main question is qb online support Post dated cheque if yes which transaction type to be used.
Thanks
Hi there, @Rabee. I'll share some details about your concern so you can get through this and record post dated checks in your QuickBooks Online (QBO) account.
You can record your post-dated checks through checks in QBO. You'll then post the amounts to your Accounts Payable (A/P) account. I'll gladly input the steps below so you can proceed. To begin, here's how:
A reminder, If you choose a save option, this adds the check to your bank register, but only sends it to the print queue if you select Print later.
But since the transaction involves four accounts, I'd recommend consulting your accountant about how to deal with post-dated checks in QBO. This way, they can provide you with the best way to book the checks to those accounts.
In case you don't have one, see this page to get an accountant: Find a ProAdvisor.
Additionally, I've got you this article to help you track the amount of money moving in and out of your business and bank account: Track your cash flow in QuickBooks Online.
@Rabee, If you need further assistance with this, don't hesitate to post here in the Community space. Rest assured that we'll be happy to help you out again. Take care, and have a great week.
Thanks for your advise reply,
Regard transaction I will make as below
In bill option will Debit prepaid rent account full rent amount & Credit landlord account
Then monthly JV for Debit rent expenses & credit prepaid rent
Regard cheque payment make check transaction against the landlord bill,
Since there is no due date in check can I make the check date as due date of check
Mean I will make check date transaction eg. 1st Apr 2022 whare we in 1st Jan 2022
Her if i run report for bank statement or landlord SOA as on 20th Jan 2022 the report will not show that I had paid PDC on 1st Apr 2022, in this case I have to run the report as on future date eg 31 Dec 2022 to show that the payment was done for full rent amount in landlord SOA
If iam wrong please advise the actual result
Best regards
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