Expenses & Suppliers
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I have a vendor that agreed to work with on a project with a set of creators. After delivering the first script she decided she doesn't want to do the project so we paid her a kill fee. Since the project was work in progress, nothing was expensed so it all is sitting in work in progress. Since she won't be working on the project anymore. Where do I record this "kill fee"?
My husband pays one company's statements by credit card. Sometimes he misses payment and has to pay 2 months at once. Once, he paid by credit card after the statement was issued so when he received their statement, he paid the total - which included the items on the last statement he just paid. My problem is I don't know how to reconcile the credit card now. The first payment was $77.96 and when the next statement came in he paid $114.25 which included the $77.96. His payment should have only been $36.29. Now I can't properly reconcile the VISA because I don't have that $114.25 as a bill payment in QB. I hope this makes sense.
Customer pays me balance owing less 3rd party expenses. I.E. Fuel
Hello, Here's the situation I'm dealing with : I recently deposited multiple checks at the bank, which were deposited as one large amount. When that deposit appeared in QB, I matched all the right open invoices to balance the deposit and recorded the transaction. A week later, one of the checks included in that single deposit bounced, so my bank account was debited for the amount of the bounced check. 1) What do I do with the "returned check" activity that now appears in my QB transactions?2) How do I associate that returned check to the large deposit it was part of?3) How do I mark that invoice as unpaid (or shouldn't I)? The client has already sent me a new check, and I deposited it, but I don't know what to match it with, because technically QB still doesn't know the original check bounced, so the invoice is marked as paid. I didn't re-invoice the client, they just wrote me a new check. What's the correct way to deal with this? Thanks!
