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Nexgen1
July 10, 2023
Question

Payments

  • July 10, 2023
  • 1 reply
  • 0 views

I'm reaching out here hoping someone can help! 

I rec'd a pmt from a corporation who pays several of my clients invoices.

They pay the invoices 45 days from date of submission.  However, they use credits immediately. 

I just got a payment from them for 3 of my clients and they applied a credit to the overall amount.  Problem is, thy aren't paying any invoices for the client who owns the credit. How do I apply that credit to an overall dollar amount? 

I also tried creating a clearing account and had the bank portion balanced, but it ended up applying a second credit to my client. I have spent far too long trying to figure this out and hoping someone out there has run into this same issue!

TIA

1 reply

J
JamesM4
July 10, 2023

Hello Nexgen1,

 

Thanks for contacting us in the Community. QuickBooks is an easy-to-navigate program that helps you to manage your accounting with ease. I'll be glad to share more info so you're on the right track with your work. 

 

In order to accurately record your transactions, I highly recommend consulting an accounting specialist for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in. 

 

Let me know if this info helps. Otherwise, feel free to ask questions in the comments below.

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