*Are there missing or duplicate checks in your QuickBooks file?
Reports menu >> Banking > Missing Checks Although this report is called the "missing check report," it can list checks in a bank account, invoices in a receivables account, or payments in a current asset account. The report points out missing and ...
Voiding and reissuing a check in a closed period
Issue: You need to void and re-issue a check that your vendor/recipient has lost or misplaced. The check is dated in a closed period and voiding it would change previous financial reports. Solution: Leave the uncleared check "as is" in QuickBooks. Do ...
Issuing credit from Accounts Payable to Accounts Receivable
Your vendor issues credit for work that you performed and invoiced. Ideally, your vendor should send you a check for the amount that you invoiced them. If this is not possible, then use the following procedure to adjust the vendor credit to Accounts ...
Job Profitability by Rep
Problem: Need job profitability by rep report (sales - costs), but QuickBooks does not have this report. QuickBooks tracks only gross sales by rep. Want to pay sales people commission on net profit on jobs (net profit, meaning Sales less Costs of ...
Customer Prepayments in QuickBooks
Use this process to receive prepayments from customers for future delivery. Using this method will keep the prepayment from showing up as a credit in Accounts Receivable. Receive a prepayment using a Sales Receipt with Prepayment item (Prepayment ...