Manage customers and AR • Manage accrual basis bad debt. • Move a Credit Memo from one job to another job under the same customer. • Transfer an amount from one A/R account to another AR account. • Allocate overhead expenses to customers or classes using a zero check. • Record one check that pays invoices to two customers. Manage vendors and AP • Move an amount from one AP account to another AP account.

• Record a refund check from one vendor on behalf of another vendor. • Transfer a Bill or Bill Credit from one Vendor to another, e.g., bill consolidation.

Others • Move foreign currencies without converting to your home currency. • Write off a receivable against a payable. • Record barter transactions with a company who is a customer and a vendor. To set up a clearing account • From the Listsmenu, select Chart of Accounts. • Right click anywhere in the Chart of Accounts, then select New. • In the Add New Account window, select the Bank radio button. Note: While you can choose from several types of accounts, the best is a bank account because of the following reasons: • You can pay into a bank account via Receive Payments or Make Deposits.

I have been entering the invoices after the fact and just hitting save without having to print the cheque since it had been paid already. You only use enter bills when you are going to pay later. With a QuickBooks merchant services account, all your payment processing needs are built into QuickBooks, including QuickBooks online and all desktop products.Accept credit cards, debit cards, and bank transfers (ACH) online.

• You can pay out of a bank account via Write Checks or Pay Bills. • A bank account appears on the balance sheet and on the statement of cash flows to balances and changes in balances. • To allocate expenses to overhead or class using a zero check, you must use a bank account as your Clearing account. • Select Continue. • In the Account Name field, enter Clearing Account, Barter Account or Wash Account. • Do NOT enter an opening balance.

• Click Save & Close. To use a clearing account • Create a journal entry. • Add the AR or AP from which you are moving money. • Add the Clearing account. • Save the Journal Entry. • Create a second Journal Entry. • Add the Clearing Account.

Ivi video converter for mac. Iphoto download for mac. • Add the AR or AP account to which you moving money. • In either Pay Bills or Receive Payments, link the Journal Entries together.