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thehokiepokies
January 5, 2019
Solved

Deposit a refund check and clear negative accounts payable

  • January 5, 2019
  • 1 reply
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We've been carrying a negative balance for a vendor on our accounts payable for credit invoices that we received when we returned materials.  The vendor has now issued us a refund check for those credits.  How do I record the deposit and clear the negative balance on the payables?

Best answer by Rustler

deposit the check and use accounts payable as the source account for the deposit, use the vendor name too

then in pay bills, select the bill the deposit created and apply the credit

1 reply

Rustler
RustlerAnswer
January 5, 2019

deposit the check and use accounts payable as the source account for the deposit, use the vendor name too

then in pay bills, select the bill the deposit created and apply the credit

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