Thanks for your first post, @BrendanMc1966. I'm here to help ensure you're able to clear out old transactions from the creditor's account that isn't due.
We can record a barter transaction to enter an invoice and a bill to record the products or services you’re exchanging.
Here’s how.
- Go to the Settings menu, then select Chart of Accounts.
- Select New to create a new account.
- Under the Account Type drop-down, select Bank.
- Under the Detail Type drop-down, select Cash on hand.
- Enter the account name (Barter Bank Account), then select Save and Close.
Once done, you can now create an invoice and receive the payment. You can follow the step-by-step guide outlined in this help article: Record a barter transaction.
For future reference, you can visit our QuickBooks self-help articles to guide you in achieving your tasks in no time.
Keep in touch if there's anything else you need help with. I've got your back.
