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    vikingleif's Avatar
    vikingleif Posts: 9, Reputation: 1
    New Member
    		  
    #1

    Oct 2, 2009, 05:29 AM
    Need to enter a memo in QuickBooks!
    Where do I enter this in QuickBooks?

    Is it 'Credit Sales Receipt' or 'Refunds or Credit'?.



    This is the question-


    Bank Credit Memo #CM-8902
    From Literary Credit Union, $5,000 short term Loan a 6% interest approved for large book purchase. Amount Depoited to Banking Chequing account.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Oct 3, 2009, 02:36 AM

    You don't have a sale, you don't have a credit and you don't have a refund. You have a loan. Call it what it is: a loan. You can add that it's for a book purchase if you like, but it's a loan.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #3

    Oct 3, 2009, 04:27 AM

    You asked if it was a "credit sales receipt" or "refunds or credits" and I explained that it wasn't those and what it was. I hate to tell you this, but you did ask that. That is what I was answering.

    If everyone gave a negative over something that didn't really get quite answered the way someone would have liked, we'd probably have more neg's than positives - try allowing people a little leeway.

    I promise to answer no more of your questions since I am not a good enough mind reader for you.
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