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Join nowCustomer paid their invoice in cash. I used part of the cash to pay a vendor. I received $850.00 but deposited only $650.00 in the bank and paid a vendor $200.00. How do I book that.
Thanks
Steve
Solved! Go to Solution.
Hello CaptainSteve!
You can record a billable expense in QuickBooks Desktop for Mac. Let me show you.
Go to the Vendors menu and select Enter bills. Create a bill as you normally do but make sure to select the customer under the Customer:Job column, and check the Billable field. Once done, Save it.
Then, you can now create an invoice. When you select the customer, you'll see a prompt where you can add the billable expense. Simply select the bill you created.
Once done, you can now record the payment.
Now, you'll need to deposit the funds. Go to the Banking, then Make Deposits. Click the payment you’d like to deposit, then click OK. In the Deposits window, add another line so we can track the $200.00. For this, choose an Accounts Payable under the From Account column and enter -200 (negative). This offsets the payment to the vendor and will create a credit that we can apply to the bill.
Here's how to pay your bill:
I also added this link if you need help in personalizing a report to get accurate data: Customize reports in QuickBooks Desktop for Mac.
Leave a comment below if you need more help with the customer payment. I'll assist you!
Hello CaptainSteve!
You can record a billable expense in QuickBooks Desktop for Mac. Let me show you.
Go to the Vendors menu and select Enter bills. Create a bill as you normally do but make sure to select the customer under the Customer:Job column, and check the Billable field. Once done, Save it.
Then, you can now create an invoice. When you select the customer, you'll see a prompt where you can add the billable expense. Simply select the bill you created.
Once done, you can now record the payment.
Now, you'll need to deposit the funds. Go to the Banking, then Make Deposits. Click the payment you’d like to deposit, then click OK. In the Deposits window, add another line so we can track the $200.00. For this, choose an Accounts Payable under the From Account column and enter -200 (negative). This offsets the payment to the vendor and will create a credit that we can apply to the bill.
Here's how to pay your bill:
I also added this link if you need help in personalizing a report to get accurate data: Customize reports in QuickBooks Desktop for Mac.
Leave a comment below if you need more help with the customer payment. I'll assist you!
THANKS VERY MUCH. I'M ALL SET
THANKS ALEX.
Good evening, @CaptainSteve.
Great!
I'm so glad we were able to get you squared away. I'll send that feedback to our Product Developers.
Don't hesitate to reach back out if you have any other questions. The Community is always here to have your back. Bye for now!
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