How do we record payments from vendors?

I've got you covered, Kate. 

Let me guide you in recording the advertising payments you've received from a vendor in QuickBooks Online (QBO).

There are two ways you can record these payments in QBO. The first option is to create a Bank Deposit once you receive them from your vendor. Here are the steps you can follow: 

1. Click the +New button, then select Bank Deposit.
2. Choose the account where to deposit the payment.
3. In the Add funds to this deposit section, select a vendor and fill in the necessary fields.
4. Once done, click Save and Close.

If you've provided your customer or vendor with a service and received payments afterward, you can record a Sales Receipt as a second option. The steps to do so are outlined below for your convenience:

1. Click the +New button, then select Sales Receipt.
2. If you add a vendor as a customer, choose it in the Customer dropdown. However, if not, you can leave it blank.
3. Choose the service from the Select a product/service dropdown or click the + Add new to create one. 
4. Fill out the other necessary fields in the sales receipt, then select Save and Close.

Furthermore, you can run different reports to view your customer and vendor transactions and your financial status in QuickBooks. 

You can also personalize these reports based on your reporting preferences. 

Please feel free to get in touch with me here for any additional questions about recording the payments. I always have your back. Keep safe!

Hi Kate,

Hope you’re doing great. I wanted to see how everything is going about your concern with recording payments from vendors you had last Wednesday. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.

Looking forward to your reply. Have a pleasant day ahead!