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jstabler
August 3, 2021
Question

Adding Legal Fees to a Customer's Account

  • August 3, 2021
  • 1 reply
  • 0 views

This must be a strange one because I can't find the question asked anywhere!

 

We have a customer that we had to take to court to get their bill paid. We did finally get that resolved and now I have a payment for the past due invoices but I also have a reimbursement for legal fees. I'm not quite sure how to handle this in QuickBooks. And unfortunately, our accountants don't use QB regularly so they can't help with how a transaction should look in the software. 

 

Any help on this would be greatly appreciated!

1 reply

A
Alex M
August 3, 2021

Hi there jstabler,

 

It's important that your transactions are correctly entered so that your books are well balanced. QuickBooks Desktop is a great tool that offers you the option to create general journal entries to easily move money from one account in your chart of accounts to another. I can point you in the right direction.

 

When it comes to these transactions, you could do some sort of general journal entry to move the money to your bank account in your books. In order to know which accounts you would need to affect using this journal entry, it would be best to speak to your accountant so that they can tell you which accounts need to be picked so that your books are well balanced after the entry. If you'd like to find an accountant that has experience using QuickBooks, you could find one near you by checking out our Find an accountant site.

 

If you have any other questions, feel free to reach out here.

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