1. Home
  2. QuickBooks Discussions
  3. Deposit on a purchase order

Deposit on a purchase order

I sent a purchase order to a supplier for x number of items. He reduced the x to give me a better price (overall price has dropped by around 5% so I'm happy with that). He has asked for and I've since paid, 20% deposit. He's not shown what he's cut out in the original PO. When he has the order together and ready for delivery I pay the balance. Do I make an entry in QB now for the deposit or wait until the balance is paid and I know what items I'm getting? Thank you.

Reply to
TR
Loading thread data ...

Enter now to Accounts Payable with the vendor in the "customer" field. This establishes a credit with the vendor which can be applied to their invoice when it is corrected.

Best,

Peter

Reply to
foldem

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.