Differentiating Customers and Vendors in QuickBooks
Question: I have a vendor who has become a customer. QuickBooks will not let me use the same name. What do I do?
Answer: You can use a variation of the name such as "ABC Company" as the customer and "ABC Company, Inc." as the vendor.
Alternatively, you can do something as simple as add a period (.) at the end of the name for one or the other. QuickBooks will look at the two names as different names. For instance, your customer could be "ABC Company" and your vendor could be "ABC Company." to differentiate the two names.
Please email accounting questions you would like considered for the column to HGatter@AccountingSupportLLC.com with the subject line of "Ask the Accountant."
Harriet Gatter, owner of Accounting Support LLC, was an ad specialty distributor for 23 years and an adjunct professor of accounting at Neumann University. She sold her ad specialty business in 2012, became certified as a QuickBooks ProAdvisor, and now works exclusively with ad specialty distributors nationwide on their QuickBooks, order management and accounting needs.