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View Full Version : A/P and A/R on same check.


mcarey101
09-10-2001, 07:03 PM
We invoiced a customer for $5000 in sales. We also did some advertising with them at a cost of $1300. They made payment to us for the difference ($3700).

How do we properly enter this in Peachtree (8.0 Complete) ??

Unregistered
09-10-2001, 07:59 PM
When you enter your receipt, apply the 5000 to your invoices. On the same receipt apply the 1300 to revenues with a negative amount against the advertising expense account. The total receipt amount should equal 3700.