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A
aalmeida
October 27, 2020
Question

Sales

  • October 27, 2020
  • 1 reply
  • 0 views

When selling a product we receive a cheque that has expenses already deducted from the sale amount. How do I record the already deducted expenses into a separate account? QuickBooks only sees the amount as a deposit and not sure how to record the expenses. 

1 reply

L
LauraAB
October 27, 2020

Hi there aalmedia,

 

Thanks for joining us here in the QuickBooks Community! It's great that you're using QuickBooks Online and I can see how this kind of transaction might be a bit tricky to record in your books. I want to make sure you have the appropriate information for doing so to keep your books in balance.

 

Having more details about the situation and why you're recording this kind of transaction is the key here. QuickBooks Online handles supplier and customer transactions separately, but there may be workarounds available. For instance, if you have a situation where your supplier is also your customer and that's why there are expenses deducted, you can consider a barter transaction. This article explains that kind of transaction and how to record it: Record a barter transaction

 

If that's not your situation, I encourage you to share more detail about the situation here. That way I'll be able to see if there's a way to record the transaction to meet your needs. Other Community members may also have ideas for you at that point, which is a great opportunity to learn from one another.

 

I'll keep an eye out for a follow-up from you. I'm here to help however I can!

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