When you receive a discount from a vendor for paying early, and it was posted to the wrong chart of accounts, how can you change the account after it is already reconciled in the bank? Thanks.
Luckily, changing the account used for a vendor discount doesn’t affect the reconciliation status of the check. All you need to do is open the check and click the little Discount button at the bottom. It’ll bring up a popup window with the amount of the discount and the account originally used. Just change the account, click OK and then Save & Close.
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This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman
Ruth is the an Intuit Premier Reseller that offers great deals on QuickBooks POS and QuickBooks Enterprise. She has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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