I am unsure how to handle a vendor bill that has a previous balance.
1) On November 30, I receive a bill from a vendor for $100. I put the bill in QB, but neglect to pay the bill.
2) On December 31, I receive a new bill from the same vendor for $150, which includes the previous amount of $100 plus another charge of $50.
How do I enter the December bill correctly into QB? Do I enter only the December charges on the bill, and when I pay the full amount, select both the November & December bills? Or should I void the November bill and enter the full amount on the December bill?
Thank you for your help.
Using: QB Pro 2017 Desktop
Good evening, @datavet.
Thanks for posting your question here.
To ensure that your books are accurate, I'd suggest reaching out to your accountant first.
For now, you can void November's bill so you can still have a record of that, and then create a bill for the full amount.
To void a bill in QuickBooks Desktop, here's how:
Here's how to enter a bill:
If you have any more questions, please don't hesitate to Reply to this thread. Have a good rest of your week!
My March bill for Electricity was $175.00 and I paid only paid $25. April bill is balance from March of $150.00 plus current usage $100.00. Total being $250.00. How do I enter the April bill?
Hi Curious George,
If I was doing the books, I would enter a New bill for April for $100. That way when you run the vendor payables, it will show 2 bills, March balance of $150 and April balance of $100. Be sure to review the statement for any fees or other charges.