How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Robert M. Your Own Question
Robert M.
Robert M., Consultant
Category: Financial Software
Satisfied Customers: 8753
Experience:  30 yrs. of computer experience in financial and marketing departments.
23372949
Type Your Financial Software Question Here...
Robert M. is online now
A new question is answered every 9 seconds

QuickBooks - I run a real estate company. I have all of my

Customer Question

QuickBooks - I run a real estate company. I have all of my agents under Vendors. They run negative balances at times because they get fines. How could I enter those fines against their accounts so that I can give them a monthly statement. And how do you
take off the negative balance when they pay the fines against their commission?
Submitted: 1 year ago.
Category: Financial Software
Expert:  Robert M. replied 1 year ago.

If they are set up as venders you should be able to do it with credit and debit memos

they issue you a credit for the fine and a debit when its paid off.

Its fairly routine for a vender to give a credit memo that puts your balance with them negative. If you pay in full for an item and the return it for instance. They might just leave you with a store credit.

If the salesman hands you a check you dont even have to issue the debit memo. just apply the check to the credit memo.

Customer: replied 1 year ago.
Where do I find this for vendors? I only see for customers.
Expert:  Robert M. replied 1 year ago.

it is under vender / enter bills

you can select credit as the type of bill

this page has detailed instructions with screen shots

http://www.qblittlesquare.com/2011/04/entering-a-credit-from-a-vendor/

Related Financial Software Questions