QuickBooks

[dpk4588]

I have a vendor, that when I purchase $X of inventory, gives me $Y in credit towards future purchases.

How do I record that credit in quickbooks? I feel like I should show it as another current asset but I'm not sure what the offset is. If I offset purchases is messes with my COGS, but I'm not sure how else to do it. Any suggestions?

[churnbabychurn]

I have a vendor, that when I purchase $X of inventory, gives me $Y in credit towards future purchases.

How do I record that credit in quickbooks? I feel like I should show it as another current asset but I'm not sure what the offset is. If I offset purchases is messes with my COGS, but I'm not sure how else to do it. Any suggestions?

It's has to reduce cogs eventually though no? How do you record the next purchase?

[dpk4588]

Eventually, once I've sold all the inventory purchased with the credit, COGS would be right, but until then it's off.

[churnbabychurn]

Eventually, once I've sold all the inventory purchased with the credit, COGS would be right, but until then it's off.

Technically an aurgument can be made that the credit should be applied to the current order. If you are recording it as an asset, the cost of the inventory currently received would be reduced..

[dpk4588]

Technically an aurgument can be made that the credit should be applied to the current order. If you are recording it as an asset, the cost of the inventory currently received would be reduced..

The vendor specifically says I can't use the credit to offset the regular purchases. I'm basically creating a cash account called "Vendor Credit" and I'll use that "cash" to make future purchases from that vendor. I guess I have to offset purchases, and if I have credit left when the year ends I'll have to make an adjustment to purchases, to reflect the actual purchases.

[Mordyk]

The vendor specifically says I can't use the credit to offset the regular purchases. I'm basically creating a cash account called "Vendor Credit" and I'll use that "cash" to make future purchases from that vendor. I guess I have to offset purchases, and if I have credit left when the year ends I'll have to make an adjustment to purchases, to reflect the actual purchases.

It should still be considered a vendor credit which reduces cogs.  I would say make a vendore credit and dont apply the credits. Until when you make a specific purchase that gets covered by all avail credits

[sruliL]

Where is the cheapest place to order QuickBooks checks for multiple bank accounts?

[MAJ]

Where is the cheapest place to order QuickBooks checks for multiple bank accounts?

Blank stock? ive googled around and just ended up ordering from PrintBoss even though they are likely not the cheapest.

[Alexsei]

Where is the cheapest place to order QuickBooks checks for multiple bank accounts?

.
http://forums.dansdeals.com/index.php?topic=6012

[Mordyk]

Where is the cheapest place to order QuickBooks checks for multiple bank accounts?

i always order compuchecks.  you should be able to find a coupon. its fast and easy and very decent priced.  and i believe its a jewish company

[etech0]

its a jewish company

+1

[sruliL]

.
http://forums.dansdeals.com/index.php?topic=6012

Thanks!

[sruliL]

i always order compuchecks.  you should be able to find a coupon. its fast and easy and very decent priced.  and i believe its a jewish company

Thanks, I'll check them out.

[Yammer]

Trying to reprint a bunch of non payroll checks for record purposes. Can't seem to find a way to print in bulk based on the payee.

Any ideas?

[stooges44]

Client bought the business, they want to copy certain parts of the QB file to a new company file to start fresh. So far so good.

Now they want to export only transactions (invoices) from the date of the sale but try as I might I don't see a way to do that?

Any ideas?

Thanks

[Mordyk]

Client bought the business, they want to copy certain parts of the QB file to a new company file to start fresh. So far so good.

Now they want to export only transactions (invoices) from the date of the sale but try as I might I don't see a way to do that?

Any ideas?

Thanks

https://www.transactionpro.com/

[etech0]

Quickbooks Desktop - is there a way to generate a donation receipt for a donor that lists multiple donations with dates and amounts?

[Mordyk]

Quickbooks Desktop - is there a way to generate a donation receipt for a donor that lists multiple donations with dates and amounts?

statement showing all activity?

[etech0]

statement showing all activity?

Can that be formatted as a donation receipt with the org info at the top and tax id info at bottom?

[Mordyk]

Can that be formatted as a donation receipt with the org info at the top and tax id info at bottom?

just add that info as a memo.  but make sure you are not double receipt-ing for the same donation as it seems like you gave already individual donation receipts