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Join nowDisregard question. Got it figures out.
It's great to know that you've figured it out, @wccmjc.
For your future reference, you can check the following article on how to receive and categorize invoice payments in QuickBooks Online: Record invoice payments in QuickBooks Online.
Let me know if there's anything that I can help with your account. I'm always here to assist.
How did you end up figuring this out?
Can you advise me on how you entered this? I have the same issue...
If you can, please explain the answer to the above question. I want to account for the amount that was paid to the subcontractor but also show that that amount was taken from the invoice total, even though it was not deposited to our accounts.
Hi there, @Ddavid.
While waiting for @wccmjc's response, I'll share another way to help you out of this situation. Upon reading your post, I can say it can be managed and closed by recording it as a barter transaction inside your QuickBooks Online. I'll gladly input the steps to get you going.
To begin, you'll want to set up a barter account. These are the steps:
For further guidelines, you can check this page: Record a barter transaction.
If you're unsure of what account to use, you can reach out to your accountant. This way, they can guide you further on what to use. If you don't have an accountant, I can help you find one. Feel free to visit this page to find an accountant for your business: Find a QuickBooks ProAdvisor.
In addition, here's an article to ensure data inside your QBO company stays accurate: Run reports in QuickBooks Online.
@Ddavid, I'm delighted that you've visited the Community space today. If there's anything else you'd like me to help you with or a task you'd like to accomplish inside the program, feel free to leave a comment below. I'll make sure to get back to you as soon as possible. Stay safe!
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