QBpos and QB pro
i am trying to understand something and need your help.
we purchased a phone for $200 from a vendor called "Vendor"
we paid $200 by credit card.
we went to QB created a bill to Vendor for $200 and we paid it by the credit card.
we were charged by FedEx $20 to deliver the item, we created a bill for FedEx for $20 and paid it by check.
three days later the item arrived, we created a receiving voucher, and we split the fee/freight/discount so we have the accurate final cost at the POS as we mark up 10% from that. now the phone cost is $220. which is great.
we do financial exchange. we look in QB, to find that we owe VENDOR $220. which is not the case, we have to go and manually adjust that.
where did we go wrong? and how should it be done, to keep inventory and chart of account always UP TO DATE>
Thank you
we purchased a phone for $200 from a vendor called "Vendor"
we paid $200 by credit card.
we went to QB created a bill to Vendor for $200 and we paid it by the credit card.
we were charged by FedEx $20 to deliver the item, we created a bill for FedEx for $20 and paid it by check.
three days later the item arrived, we created a receiving voucher, and we split the fee/freight/discount so we have the accurate final cost at the POS as we mark up 10% from that. now the phone cost is $220. which is great.
we do financial exchange. we look in QB, to find that we owe VENDOR $220. which is not the case, we have to go and manually adjust that.
where did we go wrong? and how should it be done, to keep inventory and chart of account always UP TO DATE>
Thank you
SOLUTION
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SOLUTION
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SOLUTION
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ASKER
Thank you all
When the PO is created in the POS. Will anything be exchanged with the QB ? Will I be able to write a check for that PO ?
When the PO is created in the POS. Will anything be exchanged with the QB ? Will I be able to write a check for that PO ?
ASKER CERTIFIED SOLUTION
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ASKER
I own my IT company and we have a store front.
When we receive items in QBPOS it is generating an item receipt in QB. And that item receipt showing balance on the vendor account
How can we stop that, as we created the bill the same day the invoice.