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elva1
Level 1

I received cash from a transaction for a client and have created the credit memo. I applied the credit to the invoice. How do I show it as a credit in Petty Cash?

 
1 Comment
qbteachmt
Level 15

I received cash from a transaction for a client and have created the credit memo. I applied the credit to the invoice. How do I show it as a credit in Petty Cash?

You don't create a Credit Memo. You already have an unpaid invoice, so this is their Payment against that invoice. Then, you Deposit this Payment to your Petty Cash or Cash on Hand Bank.

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