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Barter Bank: Same entity as customer and vendor, apply credit toward bill

Please Learn from this input. Please Stop recommending that people use AP manually on a Check, because in Desktop, that isn’t supposed to be a Check at all. If that is AP, you use the Vendor function of Pay Bills. You have this backwards, starting with the banking and using […]

Resolution for 'Barter Bank issue: 'Same entity as customer and vendor, apply credit toward bill' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'Same entity as customer and vendor, apply credit toward bill', click the link below:

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Barter Bank: If I deducted the amount of a loan payment from a contract fee how do I record the reduction in the note receivable if no cash was received?

“JE (DR note receivable; CR cash) for $5k.”

The first thing to do is Stop Using JE like that. You hardly make JE in QB and not when Names or Banking are involved.

You “write a check” to the Vendor Name and list the Loan account as the Expenses tab entry = […]

Resolution for 'Barter Bank issue: 'If I deducted the amount of a loan payment from a contract fee how do I record the reduction in the note receivable if no cash was received?' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'If I deducted the amount of a loan payment from a contract fee how do I record the reduction in the note receivable if no cash was received?', click the link below:

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Barter Bank: Can you apply a vender bill has payment to a customer invoice?

Make a Bank Type of account and name it Barter or Clearing.

Use it to Pay the vendor name for the purchase for the amount being bartered.

Now process this same amount as “rent” as usual, but “deposit” it to the Barter Bank. This bank account should now end at 0.

Resolution for 'Barter Bank issue: 'Can you apply a vender bill has payment to a customer invoice?' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'Can you apply a vender bill has payment to a customer invoice?', click the link below:

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Barter Bank: How do I apply a vendors payable amount to their outstanding receivable amount, when I still have a large number of payables that need to be paid at once

Vendors do not give you a Receivable amount. Customer Names result in Receivable amounts.

Are you describing a customer and vendor for the same entity, as two different relationships with them?

You need to set up and use a Bank account. Name it Barter or Clearing.

Receive an amount that is your Barter, […]

Resolution for 'Barter Bank issue: 'How do I apply a vendors payable amount to their outstanding receivable amount, when I still have a large number of payables that need to be paid at once' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'How do I apply a vendors payable amount to their outstanding receivable amount, when I still have a large number of payables that need to be paid at once', click the link below:

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Barter Bank: How can I record a bank deposit, for a specific company, where we credit various g/l accounts but also need to offset a specific outstanding bill in a/p. Thanks. Dave

You don’t use Debit-Credit in QB like that. You use the Functions. You bought a program with an “interface” = Tools,

Examples: Deposit is Banking menu > Make Deposit. AP = Vendors menu, to Enter Bills, change them to Credits/Returns, or Pay Bills.

In QB you avoid using JE for AP, AR, […]

Resolution for 'Barter Bank issue: 'How can I record a bank deposit, for a specific company, where we credit various g/l accounts but also need to offset a specific outstanding bill in a/p. Thanks. Dave' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'How can I record a bank deposit, for a specific company, where we credit various g/l accounts but also need to offset a specific outstanding bill in a/p. Thanks. Dave', click the link below:

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Barter Bank: How do I account for a customer co op charge? Customer charges me a percentage of sales every quarter. The charges are deducted from an invoice as it is being paid.

“Example: I send invoice ofr $3,000; customer pays $2,000 having deducted $1,000 as the co op charge.”

That is Barter. Make a Bank account and name it Barter or Clearing.

Receive their payment of $1,000 and “deposit” to the Barter Bank.

Pay their Vendor Name from the Barter Bank for your Fee expense.

Now […]

Resolution for 'Barter Bank issue: 'How do I account for a customer co op charge? Customer charges me a percentage of sales every quarter. The charges are deducted from an invoice as it is being paid.' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'How do I account for a customer co op charge? Customer charges me a percentage of sales every quarter. The charges are deducted from an invoice as it is being paid.', click the link below:

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Barter Bank: What is the best way to enter a barter transaction?

Just create a “barter bank” account. Flowthe transactions through that account.   When you’re done the balance should be zero.  No journal entries necessary.

Resolution for 'Barter Bank issue: 'What is the best way to enter a barter transaction?' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'What is the best way to enter a barter transaction?', click the link below:

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Barter Bank: I need to keep track of farmers’ account. We charge them a fee for supplies. We pay each farmer for sales at our market. How do I keep track of what we need to pay them?

“It will also not let me make the same farmer both a vendor and a customer.”

You set them up like this:

John Jones {C}

John Jones {V}

Or, Customer is Jones, John but Vendor is John Jones.

“You can pay a customer, just FYI.  The type of name is important, but in this case, […]

Resolution for 'Barter Bank issue: 'I need to keep track of farmers’ account. We charge them a fee for supplies. We pay each farmer for sales at our market. How do I keep track of what we need to pay them?' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'I need to keep track of farmers’ account. We charge them a fee for supplies. We pay each farmer for sales at our market. How do I keep track of what we need to pay them?', click the link below:

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Barter Bank: I have a complex entry I’m trying to figure out. It involves bartering and credits.

You are making this Too Hard.

“I need a detailed list of instructions.”

1. Use Enter Bill for the Total of rent owed. Do this for Every month, for Rent, as if you are going to Pay this bill in full.

2. Use Pay bills, for the partial amount from Real Checking. Enter […]

Resolution for 'Barter Bank issue: 'I have a complex entry I’m trying to figure out. It involves bartering and credits.' available: Yes.

The Barter Bank 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 Barter Bank issue yourself by looking for a resolution described in the article. If it is a complex Barter Bank issue or you are unable to solve the issue, you may contact us by clicking here or by using other Barter Bank support options.

For more information about resolving issues related to Barter Bank in Quickbooks/QBO or to get support for the issue 'I have a complex entry I’m trying to figure out. It involves bartering and credits.', click the link below:

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