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Subject Author Date
Payments Question Sharif 09-12-2007
Posted by Sharif on September 12, 2007, 7:32 pm
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 I have a question... when a customer issues me a check as a payment,
how do I file it in Quickbooks before I deposit it to the bank? And
when I deposit to bank, what do I file it as?


Posted by foldem on September 13, 2007, 1:14 am
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>I have a question... when a customer issues me a check as a payment,
>how do I file it in Quickbooks before I deposit it to the bank? And
>when I deposit to bank, what do I file it as?

Receive payments - Enter the customer name

then

Deposit - Select the receipts to be deposited

Simple.

Best,

Peter
--
http://zbigniew.pyrzqxgl.com/bargegeek.html
A+++ G++ PKR+ PEG- B+ TB ADB++ M
www.barge.org
"There are no strangers at BARGE, just friends we haven't met yet"

Posted by Sharif on September 13, 2007, 2:11 pm
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> >I have a question... when a customer issues me a check as a payment,
> >how do I file it in Quickbooks before I deposit it to the bank? And
> >when I deposit to bank, what do I file it as?
>
> Receive payments - Enter the customer name
>
> then
>
> Deposit - Select the receipts to be deposited
>
> Simple.
>
> Best,
>
> Peter
> --http://zbigniew.pyrzqxgl.com/bargegeek.html
> A+++ G++ PKR+ PEG- B+ TB ADB++ Mwww.barge.org
> "There are no strangers at BARGE, just friends we haven't met yet"

Hi Peter,

Thanks a lot for your response. What do I do for an existing customer
who has a pending invoice?

Say Customer A has a balance of $100.00.

They give me a check for $100 on 09/12.

But I don't deposit to the bank until 09/17... is it marked as paid on
the 12th still?


Posted by Steve Dell on September 13, 2007, 6:35 pm
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>
> Say Customer A has a balance of $100.00.
>
> They give me a check for $100 on 09/12.
>
> But I don't deposit to the bank until 09/17... is it marked as paid on
> the 12th still?

Why are you sitting on the check for 5 days?

I have a small business where clients either pay when service is rendered or
I bill them and they pay within 10 days. I enter an invoice first, then
receive the check and deposit it immediately.

Steve


Posted by HeyBub on September 13, 2007, 8:48 pm
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Steve Dell wrote:
>> Say Customer A has a balance of $100.00.
>>
>> They give me a check for $100 on 09/12.
>>
>> But I don't deposit to the bank until 09/17... is it marked as paid
>> on the 12th still?
>
> Why are you sitting on the check for 5 days?
>

Same reason as everyone else.

When a check comes in, it goes in the drawer. When the drawer gets full, you
take 'em to the bank.



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