I'm entering all my deposits,credits,&withdrawals from bank statements to QB.
I need help with assigning a vendor to the right account in QB Desktop.
This vendor (TEST) sold me a machine but ask for a dep. of $300 to hold the machine. We paid the dep. of $300. We used a financial/leasing company to help with the purchase/process so now we make monthy payment to the leasing company.
Once all the paper work was done we received the machine and the $300 deposit we gave to TEST company was returned to us.
This same vendor (TEST) also sold us $100 worth of supplies for my business.
My question is to which account should I assign this vendor TEST which we bought supplies and gave the $300 deposit hold for the machine.
These are the accounts that I already have set up in my QB: