Reclassifying a Vendor
I entered a company as a vendor. They are not. How do I change ,keping the company on my list ofpayees but not classifying it as a vendor? Thanks, Rick
70
71
cWPwLYuoar4yUOacwZ5xHE
02/06/12 8:36am PST
Viewed by asker 02/09/12 9:00am PST
Viewed by asker 02/09/12 9:00am PST
7 Replies
Michelle Long CPA
Questions asked: 60
Questions answered: 23793
Points earned: 68464
Questions answered: 23793
Points earned: 68464
Advanced Certified ProAdvisor
These ProAdvisors have successfully completed extended training, distinguishing themselves as highly proficient QuickBooks experts.
Certified ProAdvisor
Certified ProAdvisors have successfully completed an extensive and rigorous QuickBooks certification program.
Allstar
Advisory council of community power users.
Accountant Community AllStar
Advisory council of Accountant community power users.
ProAdvisor
Members of the QuickBooks ProAdvisor Program
Intuit Moderator
Mod/Co-mod
Certified ProAdvisor - ES
These ProAdvisors have successfully completed extended training, distinguishing themselves as highly proficient Enterprise Solutions experts
Certified ProAdvisor - POS
These ProAdvisors have successfully completed extended training, distinguishing themselves as highly proficient QuickBooks POS experts
02/06/12 8:39am PST
Why are they not a vendor? Anyone you pay money (except employees) is a vendor -- suppliers, office supplies stores, the landlord, utility companies, banks for loans, etc. are all vendors.
Author of the books 'Successful QuickBooks Consulting' http://amzn.to/lJqmb8 and
'How to Start a Home-Based Bookkeeping Business' http://amzn.to/jNk9Bg
www.LongforSuccess.com - my blog, resources, webinars & more
'How to Start a Home-Based Bookkeeping Business' http://amzn.to/jNk9Bg
www.LongforSuccess.com - my blog, resources, webinars & more
02/09/12 9:03am PST
Sandy, there's a big difference between paying someone for goods and services (a vendor) and refunding money to a customer.
02/09/12 9:45am PST
Latest post
I realize that. The questioner did not say that he was making payments to a customer or what type of "entity" it was. He said it shouldn't be a vendor. In my work for a cpa firm we often times enter payees as Other Names so they don't show up on the 1099 list. Such entities as utility companies, banks, etc., however I wasn't given information from the questioner as to what type of "entity" he was talking about, so I was giving general information of how to change from a vendor to an other name. I have had clients enter customers as vendors and vice versa and the method I wrote about works in these situations. The questioner may have been referring to a customer, or not, we really don't know. Have a great day.
Sandy Powers
Questions asked: 9
Questions answered: 2090
Points earned: 5427
Questions answered: 2090
Points earned: 5427
Allstar
Advisory council of community power users.
ProAdvisor
Members of the QuickBooks ProAdvisor Program
02/06/12 8:39am PST
You'll have to do this in a multiple of actions. First, go into the vendor that you don't want and add a digit to the name. Then save the change. Then go into the "other list" or whatever type you really want this entity to be and create a new "other" name. Then go back to the vendor. On the side listing the transactions, make the transactions dates "all" and then start double clicking on each transaction listed. Change the name to the new "other" name. Then once all transactions for the old vendor are changed to the new name, you can then delete the old vendor.
If this helps, please check solved, or thumbs up, otherwise ask more questions, thank you, Sandy
HMWC CPAs & Business Advisors
HMWC CPAs & Business Advisors
02/09/12 7:17am PST
The solution
You are very welcome. Please mark as solved so others may view an answer to this issue.
