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>