Advance payment for multiple invoices for multiple accounts

[Ronal B Morse]

I'm not an accountant, either, but it seems to me you want your books to 
reflect where the money actually is/went. So in this case I would 
deposit the check into the appropriate bank account (increase).  The 
balancing transaction, or "other side" of the transaction, would be the 
suspense account, which is why you set that up as a liability.  The 
money is in your bank account, but you need to indicate it's still 
"owed" to some other account(s).

RBM


On 07/11/2014 08:29 AM, Donna Pfeifer wrote:
> The transfer account is where the money goes into and I believe I need a way to pull it out, right?
>
> I could enter a negative amount in the pay invoice field but that seems like it would mess up accounts receivable.
>
>
>
> On Friday, July 11, 2014 10:11 AM, Maf. King <maf at chilwell.net> wrote:
>   
>
>
> On Fri 11 July 14 06:59:44 Donna Pfeifer wrote:
>
>> Thank you for your responses.
>>
>> Either way, how do you pay an invoice from an account? The "pay invoice" pop
>> up window just has a place to put in the check number. What settings do you
>> use? The defaults are "Post to Assets:Accounts Receivable" and Transfer
>> Account Checking".
>>
>> Thanks,
>> Donna
>>
> Hi Donna,
>
> Can't you change the "Transfer Account"?  you might have to make the suspense
> account of type asset.
>
> Cheers,
> Maf.
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