@Cnj1Create an 'Other income' account called 'Insurance Proceeds' (or call it something that makes the most sense to you) and assign that to the payment/deposit...
@KB001"can I reverse the journey entry with Jan date and check both sides to clear out?"Yes. Just go to the journal entry and click on 'Reverse' at the top. As ...
@RedSunLLCAre you giving the customer a credit because they paid the bill? If so, the easiest way to record this is to create a bank account in QB called 'Clear...
@debcotravel"Journal Entry 945 represents the funds we repaid to the property and the reversal of the liability account entry. The screen shot attached shows th...
@debcotravelI have been an accountant for almost 20 years and am currently working on my CPA license. It’s not a system issue. The journal entries are reversed....