QB Issue Resolution:
Do Not Use journal entries for any banking, not even the Clearing. You already have the Right transaction types: checks and Bills, with Items and Payee names and Job Tracking. You also never use a JE for AR or AP; you already have AR and AP transaction types to use properly.
There are Bills or checks for what you “paid” indirectly, that are why you will use the Clearing Bank. Example: The final Pay bills will be Paid from Clearing Bank. Then, the Entry from the Closing is where you put the “holdback” as a deposit to Clearing Bank, bringing that bank to 0 balance at the end of the project.
Resolution for Issue 'How to mark bills as paid when paid by a title company?' available: Yes (Solved).
Source: Intuit Community forum.
How to mark bills as paid when paid by a title company?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for clearing bank
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Error Recovery for clearing bank [Canada]
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