Retuned partial advance payment

[jayesh]

I received advance payment from the customer before creating an invoice.
Using QB Pro 2009, this paymnet was credited to the name of customer under
item paymnet.
Then partial amount was adjusted against the invoice and
the remaining amount was retured to the customer by cheque.
How to link this retuned paymnet with advance paymnet that
stll showed as a credit on the name of the customer.
No doubt "open balance" for that customer is $0.00,
but "open balance report" showed both the amount i.e. credit balance as
well as retuened amount.
I appreciate your feed back.

Jayesh Shah

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[rtm4833]

On Dec 10, 9:17 pm, jayesh_shilpa_at_yahoo_dot_...@foo.com (jayesh)
wrote:

> I received advance payment from the customer before creating an invoice.
> Using QB Pro 2009, this paymnet was credited to the name of customer under
> item paymnet.
> Then partial amount was adjusted against the invoice and
> the remaining amount was retured to the customer by cheque.
> How to link this retuned paymnet with advance paymnet that
> stll showed as a credit on the name of the customer.
> No doubt "open balance" for that customer is $0.00,
> but "open balance report" showed both the amount i.e. credit balance as
> well as retuened amount.
> I appreciate your feed back.
>
> Jayesh Shah
>
> ##-----------------------------------------------##

> Newsgroup Access Courtesyhttp://www.rockryno.com/

> Tax and Accounting Software Forums
> Web and RSS access to your favorite newsgroup -
> alt.comp.software.financial.quickbooks - 8410 messages and counting!
> ##-----------------------------------------------##

Jayesh,

In order for QuickBooks to link these items they need to be done in
order. If you receive payment, issue a credit and then create the
invoice they will not link. In order for this to work you need to
create the invoice, recieve payment against the invoice and then issue
the credit. To fix the problem now you would delete the deposit, then
delete the payment, which should remove the credit, if not delete the
credit also which should leave an open invoice. Now recieve payment,
issue a credit returns and record the deposit. Before deleiting take
not of dates and check numbers so you can recreate them accordingly.
As long as the depsoit has not been cleared in your checking account
this should be easy. If the deposit is marked cleared this will create
a discrepancy in your bank reconciliation. Simply re-reconcile the
account with only the uncleared depoist and all should be well.

Hope this is helpful even if it is not what you were looking for.

Randy

[jayesh]

jayesh had written this in response to
http://www.rockryno.com/quickbooks/Re-Retuned-partial-advance-payment-8701-.htm
:

I received advance payment from the customer before creating an invoice.
Using QB Pro 2009, this paymnet was credited to the name of customer under
item paymnet.
Then partial amount was adjusted against the invoice and
the remaining amount was retured to the customer by cheque.
How to link this retuned paymnet with advance paymnet that
stll showed as a credit on the name of the customer.
No doubt "open balance" for that customer is $0.00,
but "open balance report" showed both the amount i.e. credit balance as
well as retuened amount.
I appreciate your feed back.

Jayesh Shah

Randy

Thank you for your help.
Yes, it can work the way you showed but
when I received payment I have to post it as money is already in bank
account.
And when I creat an invoice I adjust the invoice against that payment as
it shows as credit for that customer.
And it also link with it.
But the problem this time is that partial payment is adjusted against the
invoice and it also linked with that invoice.
But the remaining credit and returned amount through chqeue is not linked.
Please can you light on it.
Thank you.

Jayesh Shah

-------------------------------------
rtm4833 wrote:

> On Dec 10, 9:17=A0pm, jayesh_shilpa_at_yahoo_dot_...@foo.com (jayesh)

> wrote:
>> I received advance payment from the customer before creating an
>> invoice.
>> Using QB Pro 2009, this paymnet was credited to the name of

>> customer unde=

> Jayesh,

> Randy

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[jayesh]

jayesh had written this in response to

http://www.rockryno.com/quickbooks/Re-Retuned-partial-advance-payment-8705-.htm
:

Jayesh Shah

Randy

Jayesh Shah

-------------------------------------
jayesh wrote:

> Jayesh Shah

> Randy

> Jayesh Shah

> -------------------------------------
> rtm4833 wrote:

>> Jayesh,

>> Randy

Randy
Thank you for help.
Yes, it works that way.
Jayesh Shah

> ##-----------------------------------------------##

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> http://www.rockryno.com/
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> to your favorite newsgroup -
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[Ron Anderson]

You probably should have issued a refund

--
Ron Anderson A1 Sewing Machine
18 Dingman Rd Sand Lake, NY 12153
http://www.a1sewingmachine.com

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