QB Issue Resolution:
Simpler way to handle this type of transaction is not write a journal entry.
It works better by using designated Create Vendors forms
#1 Enter Bill $100 (100%)
#2 Create Vendor Credit for $50 (50%) > select account details account = partner’s contribution equity.
#3 Pay Bills $50 (remaining 50%) > amount to pay = $50
Resolution for Issue 'I paid 50% of a bill from a personal account and created a journal entry – debiting an expense and crediting partner’s contribution equity. How I do use this journal entry to reduce the outstanding balance on the bill I made for the vendor?' available: Yes (Solved).
Source: Intuit Community forum.
I paid 50% of a bill from a personal account and created a journal entry – debiting an expense and crediting partner’s contribution equity. How I do use this journal entry to reduce the outstanding balance on the bill I made for the vendor?: 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 Journal Entry
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Error Recovery for Journal Entry [Canada]
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