Swapping Credits


J

Jeff

My company works for another business and visa-versa. For instance, I
invoice them for $18,000 and they sent me their invoice that was for $22,000
and subtracted my $18,000 invoiced amount. How do I handle this (both
directions if they owe me money) in QBP07? And I need the right amounts to
do job-costing.
Jeff
 
Ad

Advertisements

L

Laura

Jeff said:
My company works for another business and visa-versa. For instance, I
invoice them for $18,000 and they sent me their invoice that was for
$22,000 and subtracted my $18,000 invoiced amount. How do I handle this
(both directions if they owe me money) in QBP07? And I need the right
amounts to do job-costing.
Jeff
Set up a new bank account and call it "clearing account". Use this account
to send/receive payments/credits with the other company. Make sure you
retain the proper customer/vendor relationship on all transactions but use
this account where necessary instead of your normal bank account.
 
Ad

Advertisements

J

Jeff

Laura,
Thanks a million ! It worked like a charm. I had been using negative amounts
on invoices before.
Jeff
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Child Credit "swapping"? 7
USA Foreign Share Swap 0
swaps - why? 2
Flex swap?? 1
Partnership Swap 1
Handling a swap 2
An Asteroid Strike Swap? 1
Wife Swap sponger 69

Top