Manage Suppliers and Expenses for
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Can anybody explain why supplier credit needs to be linked?Eg: I purchase goods worth Rs. 10000 from Supplier A on 1st May 2020. After a few days, I realize goods worth Rs. 2000 are faulty and issue a debit note and return them back. If the Vendor does not refund the money I can use them as credits for future invoices. If I get a refund do I need to link it to my debit note? If yes what is the impact I am unable to understand? Please find how to link for reference:https://quickbooks.intuit.com/learn-support/en-in/help-articles/how-do-i-handle-supplier-credits-and-refunds/00/381336
Hello everyone,How do you record an expense into QuickBooks that you paid using the Debit/Credit card of a friend?For the subscription fee of QBO, G Suite and likes, I'm using the Debit card of a friend. I will pay him at some point in the future.If I'm not wrong, My Friend's account will basically be Accrued Liability where the Expense A/C will be debited and Accrued Liability A/C i.e. my friend will be credited (correct me if I'm wrong).I'm not sure how to record this subscription fee in QBO (Plus). And please also suggest if I should create separate accounts for all the online subscriptions (QBO, G Suite, etc) from Charts of Accounts? And what will be needed to be done once I pay him back in the future? Thanks for your time.Regards,Adnan
