Vendor Credit

Video: QuickBooks Online 2018 Tutorial: Reconciling the bank account

Part 2 of this video on “Cleared Date of checks” within Reconcile: …

0
0

View

Video: Matching income transactions in QuickBooks Online – Method 1 (Bank Feeds)

0
0

View

Video: How to Deal With Undeposited Funds in QuickBooks Online

Undeposited Funds can be tricky! To help you sort them out and get them right in QuickBooks® Online, here’s a video, “Tale of Undeposited Funds,” from QuickBooks ProAdvisor® Beth Melcher, founder of MoneyFit. Enjoy!…

0
0

View

Video: How to match expense transactions in QuickBooks Online (Bank Feeds)

0
0

View

Video: How to add expenses in QuickBooks Online Banking Transactions (Bank Feeds)

….

0
0

View

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.

Loading

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.

0
0

Loading

Keep Me Updated

Recent Tweets

Recent Videos

Loading...