by Christine
(Whistler, BC)
How to enter a bank charge using
This may be a silly question, however; I'm very new to bookkeeping and Quickbooks and see a potential problem with how our accounts were set up.
Initially when Quickbooks was set up, my husband transferred over bank related transactions, including payment for an invoice that was not yet listed in our payables but had been paid through a bank transfer.
Do all Payable Invoices we receive need to be added before payment is applied through either the cheque writing tool or through an automated bank transfer payment?
As it stands, it would seem to me that on paper, we paid something that wasn't owing (although it was, but not yet recorded). I hope that makes sense?
Now, if I add the actual invoice, it shows a payable is due, but that has been paid through the transfer. How does one correct that? Since I do not know the terminology to search Quick Books, I'm at a loss on how to research this at any length.
Additionally; the total of the amount paid through the bank transfer includes a bank service fee; whereby the actual invoice is $25 less. I have tentatively "split" the transfer payment to show a bank fee, but this still doesn't clear up the initial problem.
I have to say I love this site, for someone who has no formal training I have applied what I have learned in the workforce with your information and already have "reconciled" so much. Thanks and God Bless;
Christine
Comments for Entering Invoices from a Supplier
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