Archived
05-03-2008, 08:22 PM
Our cattle broker overpaid us in the last cattle check and requested the difference back. When I write out the check, what account do I post it to? What are all the steps that need to be taken to make sure everything is accounted for?
Thanks!
==========
Well, the broker's check was probably posted to "Sales:Cattle" or something like that.
So when you write a reimbursement check, post it to that same account. That will remove the reimbursement amount from the account; and thus, will properly record the dollar amount of the sale.
Mark Wilsdorf
Flagship Technologies, Inc.
QuickBooks™ Add-Ons and Solutions You Can Use
http://www.goflagship.com
Thanks!
==========
Well, the broker's check was probably posted to "Sales:Cattle" or something like that.
So when you write a reimbursement check, post it to that same account. That will remove the reimbursement amount from the account; and thus, will properly record the dollar amount of the sale.
Mark Wilsdorf
Flagship Technologies, Inc.
QuickBooks™ Add-Ons and Solutions You Can Use
http://www.goflagship.com