Hi.
Can anyone help
My Supplier has supplied a item for £300.00 and delivered direct to a customer **Entry in Quickbooks** for £300.00 (No suppliers invoice # yet")
7 days later I have had the Bill in for this and entered the Suppliers Invoice # and ticked the "Bill received" box. Ready for payment. So far so good
3 days later the client says the item is faulty and and requires that the item is exchanged.
The Supplier sends a replacement item (under a new invoice # to me) and collects the faulty one for credit, and eventually a credit note
My Questions are:
I need to make 2 entries to show.
- The Suppliers 2nd Invoice. I enter this with the invoice # in the Memo Field but with the "Bill Received" not ticked. So that it is not inadvertantly paid.
- The Credit Note that I'm expecting from the Suppliers for the 2nd Invoice. Because although I have not received the Credit Note yet. I need to know that it is expected, and in Quickbooks theere is not an equivalent of "Bill Received" on the Credit Side to untick while I am waiting for the Supplier to agree the credit
Thanks