|
Posted by Sharif on February 22, 2007, 7:54 pm
Please log in for more thread options > If you want the credit to be income to you, then you have to invoice for it!
> (Is this what you didn't get from Fred's response?)
> Just in case you need more specifics...
>
> I would suggest creating a new category called BonusInc.
> When you receive and apply the overpayment, you have two ways to deal with
> it:
>
> 1) Before you apply the payment, add a new line on the existing invoice for
> the BonusInc amount. The payment will then exactly offset the total, and
> you won't 'see' a credit.
>
> 2) Make a new invoice for the bonus income amount. (You may want to use a
> numbering scheme that clearly indicates what invoices are specifically for
> overpayments - eg: perhaps adding -OP to end of original invoice number??)
> You can do this before or after you apply the payment - if after, you'll
> 'see' a credit, and will have to manually apply it to the new invoice.
>
> I think the former is quicker, but there are some advantages to the latter:
> easier to keep track of what was REALLY due from the customer, and to report
> back to customer if he has any questions on his account.
>
> vcard
> If you want the credit to be income to you, then you have to invoice for it!
> (Is this what you didn't get from Fred's response?)
> Just in case you need more specifics...
>
> I would suggest creating a new category called BonusInc.
> When you receive and apply the overpayment, you have two ways to deal with
> it:
>
> 1) Before you apply the payment, add a new line on the existing invoice for
> the BonusInc amount. The payment will then exactly offset the total, and
> you won't 'see' a credit.
>
> 2) Make a new invoice for the bonus income amount. (You may want to use a
> numbering scheme that clearly indicates what invoices are specifically for
> overpayments - eg: perhaps adding -OP to end of original invoice number??)
> You can do this before or after you apply the payment - if after, you'll
> 'see' a credit, and will have to manually apply it to the new invoice.
>
> I think the former is quicker, but there are some advantages to the latter:
> easier to keep track of what was REALLY due from the customer, and to report
> back to customer if he has any questions on his account.
>
> vcard
> If you want the credit to be income to you, then you have to invoice for it!
> (Is this what you didn't get from Fred's response?)
> Just in case you need more specifics...
>
> I would suggest creating a new category called BonusInc.
> When you receive and apply the overpayment, you have two ways to deal with
> it:
>
> 1) Before you apply the payment, add a new line on the existing invoice for
> the BonusInc amount. The payment will then exactly offset the total, and
> you won't 'see' a credit.
>
> 2) Make a new invoice for the bonus income amount. (You may want to use a
> numbering scheme that clearly indicates what invoices are specifically for
> overpayments - eg: perhaps adding -OP to end of original invoice number??)
> You can do this before or after you apply the payment - if after, you'll
> 'see' a credit, and will have to manually apply it to the new invoice.
>
> I think the former is quicker, but there are some advantages to the latter:
> easier to keep track of what was REALLY due from the customer, and to report
> back to customer if he has any questions on his account.
>
> vcard
> (Using Q XG 2006)
>
To answer R.C. White, I apologize about directly emailing you I didn't
realize I did that I thought I replied to the group. Also I am using
Quicken 2007 Home & Business.
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap