credits

Issue a new invoice. If this is in addition to the original invoice, you're done. If this replaces the original invoice, issue a credit for the amount of the original invoice (same items, etc.)

Actually it does not replace the original invoice. This new amount would be taken from the monies already paid even though it is for something different. Can I just go back and modify the original invoice to reflect the changes?

I don't understand - they paid the previous invoice, now you want to apply the same payment to a new ADDITIONAL amount?

In any case I do not advise changing the original invoice as it may result in discrepancies with reports that have been issued previously, taxes paid or payable, etc. **IF** you and I both understood exactly what you are trying to do and were quite certain there would be no unanticipated or undesired effects, then we might consider that method. But why not just do it the right way, which is also the "safe" way, as I suggested?

invoice,

credit

invoiced

I'm with you all the way. I do not understand what the OP wants either.

Ok, let me do my best to explain what the deal was, so here goes. The original invoice was for $600.00 (separate issue) He paid $300, then another $300. I paid a vendor of mine $250 which left $350.00 Now the client has asked that new money (new item/different than the original bill) that he owes me, $64.80 be taken from the $350.00 which leaves him a lower balance.

How can I go back and show this new item and minus it from the $350 which was for a different item?

Please provide the following information with reference number, date and amount for each transaction:

What invoices exist physically?

What invoices are posted on QuickBooks?

What payments have been made physically?

What payments have been made?

What allocations have been made?

What allocations do you want to make?

What extra invoices do you want to be entered on QuickBooks?

What extra payments do you want to be entered on QuickBooks?

This is still not making sense, if the original invoice was for $600, and he gave you $600 to cover it, then he does not have any outstanding credit with you.

-- Leo

I'm still confused, and so are others. To Peter Saxton's questions, let me add another: how does your payment to a vendor have any connection to customer invoices and payments?

What is wrong with my previous advice?

Maybe the best advice that we can give is - call your accountant. He should understand your business better than we strangers.

previously,

amount

something

Oh, now I understand. Put the original retail box that QB came in and place in a paper bag. Now swing it around your head and scream like a chicken. This may not sove your problem, but will make me feel a lot better.

It would appear that you are allowing your customer to claim *your profit* as some kind of credit balance. How does your customer even know that you only paid $250 for the item/service you billed him $600 for? Why are you allowing your $350 profit to revert back into the customer's pocket? If you only bill for expenses you'll never make any money of your own.

Or on ther other hand the OP's post is , BEAUCOUP DINKY DOW, do you think that is possible?

His customer wants a credit for the $64.80 because he may have found out that the $600 job cost him only $250 so he's asking for a credit although it's for a different item/job.

This $64.80 may even be related to the $600 job. His customer may think that if the OP had done the $600 job correctly then the customer wouldn't have to need the $64.80 the item.

To Scott" : your customer is asking for a $64.80 credit. You can apply this credit to the first job so you can show it as an expense to that job.

customer

$64.80

If there is something to admire is his description of the problem which was like from a hippie on acid doing bookkeeping.

Peace!

leave