Accounting Talk Accounting Talk    FAQ   Search   Memberlist   Usergroups   Register   Profile   Log in to check your private messages   Log in  Zeroing customer credit balance          Accounting Talk Forum Index -> Peachtree View previous topic :: View next topic   Author Message sysop Guest Posted: Fri Feb 08, 2008 6:16 pm    Post subject: Zeroing customer credit balance We have a few dormant customers with small credit balances. They keep showing up in our A/R and of course affect our A/R totals. How can we zero these out? What entries do we make in Peachtree? thanks for your help - peter Back to top   Ads Advertising Sponsor sysop Guest Posted: Fri Feb 08, 2008 10:58 pm    Post subject: Re: Zeroing customer credit balance On Feb 8, 1:30 pm, "Laura" <inva...@sample.invalid> wrote: Quote: "sysop" <sy...@opus.co.tt> wrote in message news:08d28275-a34e-4c53-8e1b-6f6875118490@l16g2000hsh.googlegroups.com... We have a few dormant customers with small credit balances. They keep showing up in our A/R and of course affect our A/R totals. How can we zero these out? What entries do we make in Peachtree? thanks for your help - peter Enter a sales invoice for that customer equal to the credit balance. Post the invoice to Bad Debt instead of your income account. Then go into Receipts and apply the old credit balance to the new invoice to create a zero payment. Thanks, I'm not clear on how I post the invoice to Bad Debt. - peter Back to top   Ads Advertising Sponsor sysop Guest Posted: Fri Feb 08, 2008 11:00 pm    Post subject: Re: Zeroing customer credit balance On Feb 8, 1:30 pm, "Laura" <inva...@sample.invalid> wrote: Quote: "sysop" <sy...@opus.co.tt> wrote in message news:08d28275-a34e-4c53-8e1b-6f6875118490@l16g2000hsh.googlegroups.com... We have a few dormant customers with small credit balances. They keep showing up in our A/R and of course affect our A/R totals. How can we zero these out? What entries do we make in Peachtree? thanks for your help - peter Enter a sales invoice for that customer equal to the credit balance. Post the invoice to Bad Debt instead of your income account. Then go into Receipts and apply the old credit balance to the new invoice to create a zero payment. ah ha! I found it, Need to click Journal to display the Bad Debt Account. Back to top   Ads Advertising Sponsor Laura Guest Posted: Sat Feb 09, 2008 12:30 am    Post subject: Re: Zeroing customer credit balance "sysop" <sysop@opus.co.tt> wrote in message news:08d28275-a34e-4c53-8e1b-6f6875118490@l16g2000hsh.googlegroups.com... Quote: We have a few dormant customers with small credit balances. They keep showing up in our A/R and of course affect our A/R totals. How can we zero these out? What entries do we make in Peachtree? thanks for your help - peter Enter a sales invoice for that customer equal to the credit balance. Post the invoice to Bad Debt instead of your income account. Then go into Receipts and apply the old credit balance to the new invoice to create a zero payment. Back to top   Ads Advertising Sponsor Laura Guest Posted: Sat Feb 09, 2008 6:40 am    Post subject: Re: Zeroing customer credit balance "sysop" <sysop@opus.co.tt> wrote in message news:9683ada6-16b8-40e9-8eb4-f07068e27ae0@d4g2000prg.googlegroups.com... Quote: On Feb 8, 1:30 pm, "Laura" <inva...@sample.invalid> wrote: "sysop" <sy...@opus.co.tt> wrote in message news:08d28275-a34e-4c53-8e1b-6f6875118490@l16g2000hsh.googlegroups.com... We have a few dormant customers with small credit balances. They keep showing up in our A/R and of course affect our A/R totals. How can we zero these out? What entries do we make in Peachtree? thanks for your help - peter Enter a sales invoice for that customer equal to the credit balance. Post the invoice to Bad Debt instead of your income account. Then go into Receipts and apply the old credit balance to the new invoice to create a zero payment. ah ha! I found it, Need to click Journal to display the Bad Debt Account. That is one way to do it. I have my invoices display 2 lines so all I have to do is change the account in the body of the invoice without having to use the Journal button. Back to top   Ads Advertising Sponsor Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First         Accounting Talk Forum Index -> Peachtree All times are GMT Page 1 of 1   Jump to: Select a forum Accounting Talk----------------Accounting TalkPeachtreeQuickbooksQuicken  You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum Australian Debt Consolidation Experts medical insurance Wedding Invitation Portali e siti di annunci di escort, accompagnatrici e massaggiatrici Adult Films UK OWL Use Case Make Your Own Website Free calls to Poland Cleaning Service toxic mold UK Swingers Genuine Contacts Site floor machines Vacuum Cleaner Bags 65 Attacks blocked Powered by phpBB © 2001, 2005 phpBB Group