Dating journal entry quickbooks

Accounts Involved Go to Vendor / Pay Bill to pay the bill for repairs with the reward money value received.

This will remove the bill from Accounts Payable and mark it as paid and reduce the bank account called XYZ Rewards BA by 2.23. Watkins 2016 *Disclaimer: Information is provided as a courtesy to Quick Books users.

If you make an adjusting journal entry that affects account receivable, for example, it will make the entry for the dollars but it will not “relieve” the accounts receivable outstanding invoice properly from the adjustment and the adjusting journal entry will remain on your Accounts Receivable aging forever.

To resolve the issue, one must “unravel” the thread of the knot, trace back to the original entry, correct it and then reconcile.

Earlier versions of Quick Books enabled users to “turn off” the audit trail.

If you are using Quick Books 2008 forward (all versions: Pro, Premier or Enterprise), then the audit trail cannot be turned off.

Problem: Your business receives loyalty points or rewards from XYZ Car Dealership. You had work done on the vehicle that totaled 2.23.

For every 100 points you earn, you get a reward. You want to record the loyalty rewards in Quick Books and apply a portion of them to the cost of the repairs.

I also use Quick Books to track my personal finances.who is working on a project with a legal case in which the company file in Quick Books is legal evidence in a court case.He wants to know if one can tell if a Quick Books file has been altered.It would be possible from this report to see who (by each user) did what on a particular date in the file.If the company file was handed off and then changes made to it after the handoff, it will be reflected in the audit trail.

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