I sent a payment to a vendor through my bank's online Bill Pay system, but he didn't get it. So I had the bank stop payment on that check and credit my account. Then I wrote another check to him.
I've searched and learned that I need to enter the new check into QuickBooksOnline and create a bank deposit on the same day to offset the new payment.
The problem is that the first payment was sent in December of last year and was immediately deducted from my account since it was sent by the bank. The refund and new check were done in January of this year. So I'm not sure how to handle this properly for 1099 preparation. QBO is showing that I made a large payment to him in December, but he really didn't get paid until January.
How do I handle this situation in QBO to get it correct?
