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ChristinaD84
July 6, 2022
Question

Supplier/Customer offsetting bills

  • July 6, 2022
  • 1 reply
  • 0 views

Hello,

We have a customer who is also a supplier who would like to use thier current invoice to offset a bill we had previously sent them.

For example purposes, lets say they owe us $10,000, but have also sent us an invoice for $15,000.

They have requested for the $10,000 to be taken from thier bill and to pay them the remaining $5000.

How in the world do I enter this in QBO?

Sorry folks, I'm a rookie! :)

1 reply

J
JamesM4
July 6, 2022

Hi ChristinaD,

 

Thanks for contacting us here. QuickBooks is a hassle-free program that simplifies the way you manage your accounting. I'll be glad to point you in the right direction so you can achieve your QuickBooks goals. Recording your transactions the right way is a good exercise for keeping your books accurate.

 

Based on what you've described, I see you're following the right steps for recording your invoices. To ensure accuracy in your books, I recommend contacting an accounting professional to get expert advice. Doing this will help prevent any future discrepancies in your books. You can also reach out to accounting professionals on our site using this link here.

 

I'll also leave this question here so other accounting professional members can chime in and share their expert advice. Let me know if you have other questions, I'm here to assist.

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