We paid a vendor 2 checks but there was no bill. I am retroactively adding bills and applying the respective payments in an effort to clean our books.
The issue is that the amount we paid the vendor was more than we should have, so when I try to add the checks to the bill in the bill payments section, I am unable to proceed.
There is an empty field on the top left with no label which I think may be used to add the difference between what we paid and the amount on the bill. If so, do I put negative or positive amount?
I'm sure there's a logical reason for this that I am missing, but in the "payment" field for the bill, why can't I enter the total amount paid if it's higher than the bill amount and simply have a credit (is that the right word if the vendor owes us money?) to apply to a future bill?
It's great to have you here, @haskenazi1.
I can provide you some details on how to connect your check transactions with the bills you created for your vendor. Let's get started!
That should do it! As soon as the check transactions you've paid are posted on your bank, and downloaded into QuickBooks. You can now match the downloaded check transaction to the Bill Payment you've recorded.
Please feel free to click the Reply button if you have other questions about creating bills and recording vendor payments for it. I'm always here to help.
Thanks but this unfortunately does not answer my question. I know how to apply a check to a bill. My question was specific to a situation I've discovered where the checks already posted, were not matched to the bill, and are for more than the bill amount. Making it not possible to add the full amount of the check to the bill. but I think I've since figured it out
Thanks for coming back to the Community, haskenazi1.
I'll join this conversation to help you link the checks to a bill.
Since the checks were created before the bill, you'll want to change its Expense account to Accounts Payable. This will allow you to use the checks as credits when paying the bill.
Let me show you how:
To update the check:
To make bill payment:
I'm including screenshots for your reference.
The solution 2 of this article explains these steps as well: Bill shows as unpaid after writing a check. This is a QuickBooks Desktop article. However, the details can be used for QuickBooks Online also.
That information should get you on the right track. I'm glad to provide further assistance should you have any questions. I'm wishing you and your business continued success.