Example: My Club charges $200 monthly dues. Member bought $30 office supplies with receipt. How to record in new QuickBooks so it will show $170 Net amount due on Customer’s account screen.
My Club charges monthly dues.
- Create Invoice for $200 as a regular invoice
When members purchase things for the organization/club
- Create Credit Memo
What’s Product/Service code to use on Credit Memo?
- See attached screenshot for reference. In this example, member buying office supplies. Creating credit memo will record office supplies as expense and will show credit on the Member’s account.
With these two transactions, it should show Net amount as OPEN (Invoice as open and credit memo as unapplied) on Customer account screen (see photo#2).
Helpful video
How can I record a credit memo to a member customer and also have it record an expense