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AClark73's avatar
AClark73
Contributing Cover User
3 years ago

Debt Collection Transactions

Hi Brains Trust   We recently used a debt recovery company to recover an outstanding payment of an invoice. The customer had made a part-payment, and then didn't pay the rest.  Through the debt com...
LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

I would suggest that you record an invoice for the debto collectoe for the $349.80 and pay it fron undeposited funds

Then receive the invoice payment of $1590 also to undeposited funds.

 

Then prepare a bank deposit with both transactions for the net amount to the bank.

 

This will record all transactions for you

 

Hope this helps

 

Lisa

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