Question
How do I match credit note with sale receipt?
Hi, I'm going crazy. I need to match a payment of two sales receipts and a deduction.
Example sales receipts:
a) £1000 +VAT
b) £1500 +VAT
Credit note:
c) £500 VAT inc.
These sales receipts and credit note where paid in a single payment of £2500 (a+b-c inc VAT).
Now, the issue is that our bank feed shows a £2500 transaction which we cannot match as we have the sales receipts worth £3000 inc VAT and an unapplied credit note of £500 inc VAT.
Quickbooks does not allow me to connect sales receipts with credit notes as the systems believes they are already paid.
Is there any way around this? How do I match the credit note and sales receipts with the transaction?
I must keep the credit note.
Can Quickbooks manually override this and apply the credit note to one of the sales receipt?
Please help asap.
Thanks
Example sales receipts:
a) £1000 +VAT
b) £1500 +VAT
Credit note:
c) £500 VAT inc.
These sales receipts and credit note where paid in a single payment of £2500 (a+b-c inc VAT).
Now, the issue is that our bank feed shows a £2500 transaction which we cannot match as we have the sales receipts worth £3000 inc VAT and an unapplied credit note of £500 inc VAT.
Quickbooks does not allow me to connect sales receipts with credit notes as the systems believes they are already paid.
Is there any way around this? How do I match the credit note and sales receipts with the transaction?
I must keep the credit note.
Can Quickbooks manually override this and apply the credit note to one of the sales receipt?
Please help asap.
Thanks