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Hi Everyone, One of my clients has paid a supplier through their euro world first account. I have not yet got the invoice but would like to put the payment on account onto Quickbooks. When I have done a payment on account in the past I have posted the payment as an expense to the creditors control account but as the creditors control account is in sterling it will not let me post here. It will also not let me set up a euro creditors control account. When I have posted income which we have received in advance of an invoice I have posted it as a payment to the debtors control account and this has worked fine but I am unsure how to resolve the above. It would be great if you could let me know how to set up a Euro Creditors account or the correct way to post this? thanks,Ryan
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ie. I used a freelancer, paid £250 as a deposit, then £250 on completion. I have an invoice for £500 but am unable to match them.If however, multiple invoices were paid in one transaction, this is straight forward to match.
One of our services is carried out both by us in-house and also some of it is sub-contracted. We want to split them out so that we can track profits from in-house or subcontracted work. This only seems possible on NEW invoices. Even though the Chart of Accounts and Prodcuts and Services have been updated
I received a cheque from a vendor refunding my damage deposit. How do I record this in a way that I will be able to match it with the bank transaction that occurred when the cheque was deposited?
as i have invoices dated pre march that have only been paid in march which is the start of my three month submission that do not seem to have been added to your callculations
