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Level 1

Cash payments

I have a bookkeeping client that received a check for payment of a invoice but cashed the check instead of depositing it into her business account.  Is there any way to record that in QB to reflect the invoice has been paid?

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Best answer July 02, 2020

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Highlighted
Level 15

Cash payments

receive payment on the invoice, then deposit to a cash type bank account

then create a check, do not print, from the cash account to the owner and use equity drawing if he/she is taxed as a sole proprietor or partnership, if they are taxed as a corporation then use a liability account named for the owner

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Highlighted
Level 15

Cash payments

receive payment on the invoice, then deposit to a cash type bank account

then create a check, do not print, from the cash account to the owner and use equity drawing if he/she is taxed as a sole proprietor or partnership, if they are taxed as a corporation then use a liability account named for the owner

View solution in original post

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