My company works for another business and visa-versa. For instance, I invoice them for $18,000 and they sent me their invoice that was for $22,000 and subtracted my $18,000 invoiced amount. How do I handle this (both directions if they owe me money) in QBP07? And I need the right amounts to do job-costing. Jeff
Set up a new bank account and call it "clearing account". Use this account to send/receive payments/credits with the other company. Make sure you retain the proper customer/vendor relationship on all transactions but use this account where necessary instead of your normal bank account.
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