Vendor Credits and Refunds seem to stump end users. I’ve often found clients who created income accounts for credits and refunds. This has led me to believe there could be a short circuit in their understanding of the bookkeeping associated with vendor credits and refunds.[favorite_button]
We recently laid out the benefits of using QuickBooks Online for bill entry and payment. It’s faster than manual methods. It leaves an electronic record of your accounts payable. And it helps ensure that bills are paid accurately and on time.
If you have multiple open bills with one vendor, here’s the best way to pay them all at once! Let’s say you entered two bills for the vendor Pellican Design:
QBO employs a two-step process for bill payment. Once you’ve completed the first (setup), the hard...
There are more pleasant accounting tasks than paying bills, but QuickBooks Online organizes and...