Hi all,

I hope I'm posting this in the right place. I haven't seen a similar question so far. No doubt this is the happiest bookkeeping problem I've ever had!

One of my clients overpaid her January retainer and sent me a message saying the extra was a "New Year's bonus" and thank you gift.

How do I post this in QuickBooks? I'm thinking I need to process the regular retainer separately so the assets/liabilities will remain balanced come end of the month when I've fulfilled the promised hours..but beyond that, I don't know what to do.

Please answer in the most basic terms. I'm about a dozen years removed from my last bookkeeping class. Thanks in advance!

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AnnaLisa Michalski, Sunny Words Writing Services

AnnaLisa,
If you post a concise question in google you should get your answer.
Mary

Annalisa, you could do a journal entry:

Debit: bank account <==increases
Credit: revenue/income account <==increases (you could create an 'other income' account for this purpose if one doesn't exist)

Hope that helps a bit.

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Jules, SunRise Virtual Solutions - WordPress Customization & XHTML/CSS Web Sites

I'll give that a try. You know I'm coming back here if I run into trouble. Thanks!

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AnnaLisa Michalski, Sunny Words Writing Services