Vendor Credit
How Do I Enter a Vendor Credit in QBO?
In QuickBooks Online (QBO), you enter a vendor credit to record returns to vendors or refunds from vendors.
If a vendor issues a credit document, you enter a vendor credit and then apply it when you pay the vendor’s bill. If a vendor issues a refund check to you, you still enter a vendor credit, but you also enter a deposit and then link the deposit to the refund check.
Click the Create Plus (+) menu and, then choose Vendor Credit under Vendor heading.
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What Is a Vendor Credit, and How Do You Record One?
When you need to enter a Vendor Credit in QBO, which you can apply the next time you buy something from that supplier, usually, the process is pretty straightforward.
How Do I Enter a Vendor Credit in QBO?
In QuickBooks Online (QBO), you enter a vendor credit to record returns to vendors or refunds from vendors.
If a vendor issues a credit document, you enter a vendor credit and then apply it when you pay the vendor’s bill. If a vendor issues a refund check to you, you still enter a vendor credit, but you also enter a deposit and then link the deposit to the refund check.
Click the Create Plus (+) menu and, then choose Vendor Credit under Vendor heading.
Vendor Credits and Refunds in QuickBooks Online
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.
Video: how to enter a vendor credit due to wrong pricing without affecting stock quantity
How to enter a vendor credit due to wrong pricing without affecting stock quantity in QBO…
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