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Level 1

tips

Good Day.

I was using a POS program that added credit card tips to sales. I now need to subtract/credit the total received for tips out of sales for last year via a journal entry but where to i put the debit? The total amount received is already accounted for in contractors when they were given 1099's. Thank you.

1 Comment
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QuickBooks Team

tips

Thanks for reaching out to the Community, @JT18.

 

I recommend reaching out to your accountant about which account to debit for the Journal Entry. They can give you their advice and help you correct your accounts. 

 

In the meantime, I'd like to provide you with more information on Tips in QuickBooks Online. Here's a couple of Community links that provide detailed steps on how to set up liability accounts and how to record the transactions:

Let me know if you have additional questions or concerns. I'm just a Reply away!

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