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Join nowuse receive payments, select the invoice and save
use make deposits, deposit part of the amount to interest income, the rest to a cash account, save
pay the a/p bill from the cash account
Hi there, mjak.
You can create a clearing account to apply the amount received for both Account Receivable (AR) and Account Payable (AP) invoices. You can follow the detailed steps in this article on how to set up a clearing/barter account: https://quickbooks.intuit.com/community/Help-Articles/Set-up-a-clearing-account/m-p/203728.
Once done, you can create and receive payment for the invoice transaction.
Here's how:
Then, enter and pay the bill.
Here's how:
On the other hand, you'll need to manually add a line item for interest when creating an invoice and bill. Then, you can consult your accountant on what account you'll need to use when setting it up.
Please reply to this post if you have additional questions. Thanks!
@RCV wrote:
Hi there, mjak.
You can create a clearing/barter account to apply the amount received for both Account Receivable (AR) and Account Payable (AP) invoices.
You can follow the detailed steps in this article on how to set up a clearing/barter account: https://quickbooks.intuit.com/community/Help-Articles/Set-up-a-clearing-account/m-p/203728.
Before entering the barter transaction, let's make sure the barter partner's name is in both the supplier list and customer center. Then, create and receive payment for the invoice for the barter transaction.
SO I am curious
Where do you get barter from based on the OP's question?
Where do you get partners from based on the OP's question? How do you even KNOW there are partners?
Hello there, Rustler.
Thanks for the call out. I already updated my answer above.
barter
I asked where you got barter from?
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.