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Join nowI loaned a subcontractor money and wrote a check as a loan. Now he sent me a bill for work done and I entered it as I usually do by entering bill.
How do I put the money owed towards the loan?
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@dira wrote:
The loan to him was put in two months ago. Now he did work for me and I need the bill he gave me to go against the loan he owes me
your bill should look like
job expense account, $567, (customer name, billable yes/no optional)
loan account, -$567
total due zero
save it
done
on the bill, in the account details part, select the loan account and enter the amount as a negative number, save
I still need it to keep track of Sub-contractor expenses per job.... It also doesn't allow me to enter a negative bill, you can only do that through a credit
Thanks for the additional information, dira.
As recommended by Rustler, you enter the loan as a negative amount on the bill. Here's how you record the bill:
Let us know if you have further questions. We're here to help!
The loan to him was put in two months ago. Now he did work for me and I need the bill he gave me to go against the loan he owes me
@dira wrote:
The loan to him was put in two months ago. Now he did work for me and I need the bill he gave me to go against the loan he owes me
your bill should look like
job expense account, $567, (customer name, billable yes/no optional)
loan account, -$567
total due zero
save it
done
Thank you!
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