How to settle paid checks with vendor bill

Hello Every body;

I need to know how to settle the transactions made in “write checks” with the vendor bills, avoiding pay a vendor bill again with “pay single vendor”

Thanks

Rookie Asked on November 28, 2019 in Vendors.
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1 Answer(s)

Generally, I cut a credit memo to the account the check was written to, and then apply the credit memo against the vendor bill.

 

Do be careful about 1099 setup to make sure you are reporting correct values at end of year though with this approach.

Advanced Answered on December 2, 2019.

Thanks a lot, I figure out “Vendor prepayment” transaction and it applies to a bill

on December 3, 2019.
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