07-19-2009, 01:06 AM
Hi Randyaustin,
I agree with you that there must be a liability accout for customer advances.Intuit formulated QuickBooks we can not change it but we can manually open an account for Customer advances by the type of current liability and we can enter the customer overpayments. You can find the Customer overpayment from open Inoices. There Customer balance will be in MINUS that means you are owe to your customer. Next time when you'll create an invoice for that customer QB will ask you that there is a credit for this customer do you want to apply it. If QB does not ask you then you can click on APPLY CREDITS above the invoice total. I think it will help you.
Thanks and Regards,
Malik
"Everything i'm not, made me everything i am"
I agree with you that there must be a liability accout for customer advances.Intuit formulated QuickBooks we can not change it but we can manually open an account for Customer advances by the type of current liability and we can enter the customer overpayments. You can find the Customer overpayment from open Inoices. There Customer balance will be in MINUS that means you are owe to your customer. Next time when you'll create an invoice for that customer QB will ask you that there is a credit for this customer do you want to apply it. If QB does not ask you then you can click on APPLY CREDITS above the invoice total. I think it will help you.
Thanks and Regards,
Malik
"Everything i'm not, made me everything i am"
