I have clients who are customers and vendors according to Quickbooks. How do I track income and expenses from/to them without creating separate customer/vendor cards?
I can figure out how to deduct payments from charges, but I need to regard some of these clients as both "customers", people I charge for consulting/management services, and as "vendors", people I make payments to, as non-inventory cost of goods sold. I manage timber resources (service), as well as process (service) the trees into saleable products(non-inventory goods). Sometimes the costs of my operation can be deducted from the payments to them, but often I charge for management services unrelated to processing. Furthermore I want to keep the income sources and related expenses separate, so I want the ability to issue forms that show income from a customer, but also show expense to the same individual. Quickbooks will not allow me to have the same name on the customer list and vendor list, for invoices and purchase orders. I can abbreviate, but then it is creating two different files for the same client. I can work with this, but if there is a work-around, or customization, I would love to know about it.