Hi there, does anyone know how to do a payment on account in quickbooks, I use sage much more and it is very easy to do, all I want is for a supplier account to have overpaid for example by £300 and for that to sit on the account for it just be posted to the bank and when the next invoice from the supplier comes in, then that amount will then to be taken into account when the balance is paid. Any help would be much appreciated.
Hi there just tried it on supplier account, but it posts to bank but leaves the supplier account as zero and not with an overpayment, i.e payment on account? Thanks
When you put in the details in the write cheques window make sure you put Accounts Payable in the Expenses window in the drop down Account box and then at the very end of line where it says "Customer job" make sure you choose the Supplier's name in the drop down box. This should then post the £300 to the bank and you will have a poa on the Supplier's account.
