inputting business receipts into quickbooks

Select the Credit radio button in the upper-part portion of the bill.Right-click on the name of the vendor and select Enter Bills.Then, apply them s payments when bills are recorded at a later time. Īlso, you'll want to enter the credits as credit memos and attach the receipt. You'll want to consider using a third-party app that offers more options when it comes to recording bills and other vendor transactions. Here's the link where you can find all accredited third-party apps. I'll help with your concern about recording vendor transactions, KimberlyAnnVA.Īs you may have observed, you can only assign one payment method in a single transaction in QuickBooks. Any solution to this problem as well would be great. A link to the make deposits on vendor bill credit might be a temporary solution. I have to go into make deposits everytime, this is also time consuming and not efficient for a bookkeeper. Unfortunately Quickbooks does not make this transaction easy and I cannot apply credit through bill to company account it was paid from. With this option I can enter bill as a credit and attach the receipt, which saves me time later trying to find a receipt in my files when I need to review. I also receive a lot of credit receipts, these are time of sale receipts, not bill later vendors where I can deduct from my next payment. As you can imagine these creates a lot of transactions and extra work for my bookkeeping. Currently the only way for me to process these receipts is to enter two bills each time, one for store credit and one for company card since vendor bills does not offer a payment split option. However, most of them are receipts for HomeDepot/Lowes where there is one receipt but two payment methods, example they do a lot of returns for unused material so a store credit is applied and then balance is put on company card.

Currently I am providing bookkeeping for a general contractor and I have a lot of daily receipts to enter.

Inputting business receipts into quickbooks