QuickBooks Help when you have a Vendor and a Customer with the same name

PRLog (Press Release) - Dec. 26, 2012 - In QuickBooks, when creating either customers or vendors, sometimes a name has the ability to be both a customer and a vendor. This can happen in a few different instances, but for one, if you manage Homeowners Associations and one of your homeowners is also a paint contractor with whom you do business. When you try to enter the homeowners name for both a customer and vendor, QuickBooks does not allow this to happen.

As a shortcut around this issue, there is an easy tip to use that will circumvent this problem. With the use of { } these brackets, QuickBooks recognizes the customer or vendor as a new person but will not print this information on any of the items that are produced out of QuickBooks. Therefore, if you customer is Leonard Pope, your vendor would need to be entered as Leonard Pope {V} with a V for vendor. This makes QuickBooks happy, and allows you to track the information as needed.

Typically for a Customer we will use a {C} and for the Vendor we will use a {V} as this will help to describe what you are looking at as you are running reports.

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