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How to pass advances received from supplier in quick books ? Like for example : I have received the payment in Jan 2021 of Rs.10 Lakhs whereas invoice for the same will be raised in Feb 2021 then how to book this advance entry in quick books ?
I have the steps you need, IVAILLP.
You can create an advance payment for your supplier by following these steps:
Please see this sample screenshot for a visual guide:
If the advance payment includes TDS, you can read this article for the instructions: How do I record an advance payment made to a supplier with TDS withheld?
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