How To Set Up A Line Of Credit With A Balance On Quickbooks For Mac

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A credit memo was issued to the customer, but the customer never took advantage of the credit An invoice transaction was never created in QuickBooks A sales receipt transaction was created for the sale, and a receive payment transaction was entered to show the payment. With a QuickBooks merchant services account, all your payment processing needs are built into QuickBooks, including QuickBooks online and all desktop products.Accept credit cards, debit cards, and bank transfers (ACH) online. Step 3.Click Ok. To Edit an Account in QuickBooks Mac. Follow Step 1 above, then: Step 2.Click the pencil icon at bottom left, and make your changes. Click Ok when you are through. To Delete an Account in QuickBooks Mac. To track a line of credit (LOC) extended to your business, create a liability account with an opening balance of zero in your Chart of Accounts.

• Go to Company > Make General Journal Entries from the menu at the top of the screen. • Change the Date field, if necessary, in the Make General Journal Entries window. QuickBooks will default to the current date so if you want to post an entry for a previous month or year, be sure to change it so that your entry gets recorded in the proper financial time period. • Enter a number for your journal entry in the Entry No. Field. QuickBooks will automatically number subsequent journal entries sequentially. • Enter the general ledger account number In the Account column. You can also select the first account from a drop-down menu in the Account column.

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How To Set Up A Line Of Credit With A Balance On Quickbooks For Mac

• Enter the debit or credit amount for the account you've selected into the Debit or Credit columns. The debits and credits must be equal to make the entry balanced and allow QuickBooks to post the entry. • Enter a descriptive memo in the Memo Column. It will be displayed on reports that include this journal entry. This step is optional, but it's recommended so that you'll remember later why the entry was made.

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This entry was posted on 10.01.2019.