Prepayments or Deposits to Vendors


This entry is part 19 of 13 in the series QuickBooks Supplier Transactions

Do you need to pay your vendors a down payment or deposit before they start doing work for you? Video 26.

Sometimes suppliers require that we leave a downpayment similar to leaving a deposit before they give us the services or products we are paying for. In this case, suppose that we prepared a cheque for the supplier.

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