Accounting & Bookkeeping & Small Business Forum

[Leave4Lois]

How do I post (to QuickBooks) a customer Sales Invoice where they paid cash for part of the total, part is Accounts Reveivable, and the balance on Notes Receivable?

I have tried working from all angles, :x but can't get the program to do it correctly.

Please help.

[Richard Noot]

Leave4Lois wrote: How do I post (to QuickBooks) a customer Sales Invoice where they paid cash for part of the total, part is Accounts Reveivable, and the balance on Notes Receivable?

I have tried working from all angles, :x but can't get the program to do it correctly.

Please help. I would do the following :

Account receivable XXXXXX
Cash XXXXXX
Notes Receivable XXXXXX
Sales XXXXXXX

I am of course assuming that inventory was not sold .

[Richard Noot]

My answer did not come out quite right. The cash A/R and note receivable are dr entries. the sales is an offsetting cr.

[Leave4Lois]

Right, I know I can make a general journal entry like that. What I was wanting was to create a sales invoice to document what took place--so the correct amount would be reflected on the customer for both Accts Rec & Notes Rec. Is there any way I can do this?

And yes, it was inventory that was sold. I know I can also make an entry to reflect the cost of goods sold.

Any suggestions?

[Leave4Lois]

Just found the answer to my own question. Didn't realize that when you post a GE for Accts Rec the customer name pops up. Thanks for the help.
Lois