How do you settle a bill in QBO when a related party paid for it? It’s settled but at the same time, it should not reflect in the cash accounts and a payable to related party has to be recorded
You’d have to pay it like normal then do a journal entry increasing cash and showing the payable OR you could create a temporary bank account like “Clearing” pay it through these and journal entry it out
Is there a way to pay bills with transactions that have already been accounted/categorized in Bank Feeds? For example, I went through and accounted all transactions for my bank statement last month. A week later, bills from an automated service appear in the Bill tracker. Is there any way to retroactively link the transactions with the bills?
@@QbuniversityOrg I sent you a question 8 days ago. You ask for the version that I was using & I answered. I have not heard from you since. I hope that you received my reply & can answer my question. Thank you
@@judystone6650 sorry Judy I get a massive amount of comments on my videos and I cannot always answer all of them. I do the best I can. It would look different most likely because I’m using the PC version and you are using the Mac version. The Max version operates a bit differently than the PC version
