Good morning 🙂 new business user here just trying to figure out how to match the entries made by Quickbooks POS for Unbilled Purchases amounts to the Voucher #s/Amounts in my Quickbooks 2020 Enterprise. On top of that, most of these Vouchers I paid as an Member Loan entry 🙂
In your POS Account, enter the details of your voucher.
This will assist you in debiting your asset account in your QuickBooks ledger. Other accounts linked to this account may be impacted, depending on the option setting for submitting vendor billing information for POS. The settings that you will input as the preference box is ticked on the New Receiving window.
If you don’t click “Enter vendor billing details in POS,” your Point of Sale application will credit your AP account.
This will boost your vendor balance, which will exceed the value of your coupon.
If the option labelled Input vendor billing information in your Point of Sale is ticked, your POS will generate billing information and enter the data into the Point of Sale.
If billing information is not entered, the Unbilled Purchases liability account will be credited. This seller will not be billed.
If the Already Paid option is selected, POS will transmit the voucher as an item receipt to QuickBooks.
The receiving voucher is credited to AP, and the vendor balance is increased by the amount of the receiving voucher.
The receiving voucher is shown as Already Paid because it assumes that the payment has already been made and recorded in QuickBooks solutions.
If you’re using QuickBooks but are just getting started with POS, you’ll need to get your retail assets in order.
You won’t be able to manage retail inventory in QuickBooks if you choose that setting in POS.
Any adjustments you make to your POS inventory will have an impact on your QuickBooks suppliers and payables.
Even if you record a transaction in POS with comparable choices when it is switched off and then turn it back on, your QB solutions will reciprocate those inputs.In QuickBooks, it will change vendor balances and AP.
To know more about Use a Receiving Voucher in QuickBooks POS: