 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Having an issue with 'credit memo' being posted to an income category.
When an overpayment or incorrect tuition is entered as a 'credit memo' to QuickBooks, it is done in an Income category. This appears as a negative amount on the Statement of Activities. Not sure what accounting entries should be made.
|
||||
Check out some similar questions!
Credit Memo from vendor
[ 0 Answers ]
I have a credit memo for 15,000 from a vendor that is refunding charges because their service didn't work. Problem is they said they would only refund the charges if we signed a 2 year contract with them since they fixed the issue. We pay them 5,000 a month so the credit will be gone in 3 months....
Omission to Account Debit Memo and Credit Memo from Supplier
[ 1 Answers ]
Currently, the local finance records entire payment to their supplier in account payable at a lump sum amount which has net off with list of debit memos and credit memo. Thus, the debit memo and credit memo are not accounted in the accounting book at all, I understand that this made the book or...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
