In the Add funds to this deposit window, enter the details of the refund: In the deposit section, select the credit card account where the refund check was deposited from the Account drop-down menu. Under Other or Banking, select Bank Deposit. The second step is to record a bank deposit for the vendor check or credit card payment to link to the vendor credit:Ĭlick on + New. Once you have finished entering the vendor credit, click Save and close. In the Vendor Credit window, enter the credit amount for the selected bills. Enter the details of the original bill in the Expenses tab and click Save. If you hadn't recorded the bill, you can create a new bill by clicking on + New, and under Vendors selecting Bill. On the Vendor Credit page, select the vendor name from the drop-down menu.įind the invoices and sales receipts for which you received credit and select all of the relevant bills, Category details, and/or Item details, depending on how you record your purchases. The first step when applying a vendor credit is to create a new vendor credit:Ĭlick on the + New and under Vendors select Vendor Credit. You don’t need help from the QuickBooks team or the large community of QuickBooks users to apply a vendor credit. How to Apply Vendor Credit in QuickBooks Online: Step by Step You returned faulty goods to the vendor and received a refund for the returned items. You paid a fixed amount for a project and the actual cost came out lower than the initial quote. The vendor overcharged on goods or services. The vendor accidentally ran duplicate or incorrect credit card charges. These basic instructions, on how to apply vendor credit in QuickBooks Online, will be sufficient in the majority of cases, such as: Using QuickBooks Online by Intuit, you can apply a vendor credit in three simple steps: If you've received a vendor refund check or bill credit, you can record it in QuickBooks* as a vendor credit.
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