We are getting a "loyalty credit" from a vendor that my boss would like to show as income. I have received the invoice (normally for $3000 but this one shows a $2000 credit leaving the actual amount owed $1000). I tried to create a bill for the full amount with another line for the revenue account but QB didn't like that! Is it possible to do this?
So I want the full $3000 to show as the normal expense when in reality I am taking the $2000 credit and moving it from one pocket to another within my company! I think I could do a JE but my bank is linked to QBO and so how will I link the actual payment of only $1000?
I hope this makes sense. I am not an accountant - just do the basic books for my company so when something deviates from the norm, I need help! Appreciate it!