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NorthColo
April 9, 2020
Solved

How to apply workman's comp dividend

  • April 9, 2020
  • 1 reply
  • 0 views

We received a workman's comp dividend check. We applied as a credit, but now there's a negative balance in the vendor's account. Now we're thinking we missed a step or are missing something. How do we clear this credit and receive the dividend?

 

Thanks!

Best answer by john-pero

The dividend is bonus income not a rebate on what you paid but even posting it as a negative expense when deposited should only reduce your net expense, not create a negative balance. Did you use a credit memo instead of deposit window 

1 reply

john-pero
john-peroAnswer
April 10, 2020

The dividend is bonus income not a rebate on what you paid but even posting it as a negative expense when deposited should only reduce your net expense, not create a negative balance. Did you use a credit memo instead of deposit window 

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