POs and Credit Card Payments

Feb 08, 2007 2 Replies

Rate this thread:

grep 19 years ago

I often purchase product from my vendors on credit/check card. Some of them require a PO to go along with the order. QB 2006 Pro assumes that PO sales are not paid until the bill and/or product is received, so it doesn't provide a facility for recording the purchase on my credit/check card at the time of purchase.

I don't want to wait until I actually get the product to record the purchase. It screws me up. I can't track my actual balance, or I can't track shipments right, or I don't associate payments with the POs, resulting in a whole mess of POs with no homes.

Surely SOMEONE out there has figured out a way to deal with this ridiculous design flaw. (Or has Intuit, perhaps, fixed it in 2007?)

Thx,

grep

Vote

foldem 19 years ago

In the credit card payment screen enter the payment to the vendor. In the splits section, put accounts payable as the account and the vendor name again as "customer".

This will create an open credit for the vendor. When you receive the goods & bill, go to pay bills, select the item and apply credits.

Best,

Peter

Vote

grep 19 years ago

Thanks Pete. I tried it. It works, but it's still stupid that I have to go around such a seemingly simple problem.

grep

foldem wrote:

Vote

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required