Produce Customer Statement
Customer statements are a good habit to get into.
Some companies produce Customer Statements once a month others produce them for past due invoices.
See below to set up customers for printing statements.
Click to expand picture. Hope this information helped. Check back for more tutorials or drop me a question.
Categories: 07- Customers Tags:
Overpaid Supplier Invoice
Sometimes we might overpay a supplier.
To correct and record a credit on supplier account see below:
Open purchase journal:
As you can see the amount of $-30.71 is shown as negative. The invoice number is refereeing back to the original invoice with “overpay” as an indication to an error.
The account is the expense account normally used for this supplier.
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Categories: 05- Purchases, Orders & Quotes, 06- Payments Tags: