cancel
Showing results for 
Search instead for 
Did you mean: 
MichaelO86
Level 2

Bulk payments don't allow accurate recording of credits being claimed

Hi all, I, like many of you, pay bills by uploading the ABA file when a selection of bills become due. The system currently automatically applies the credit against the balance you are paying. However, credits are meant to be claimed within the pay period that the relevant invoice falls due. So, the current system forces me to manually keep track of credits so that I do not claim them too early. 

My thoughts: Make credits show up when paying bills as a different line item, and add a field in the credit that clearly indicates when you want to claim it. That way, it will show up towards the top of the list when it is appropriate to claim that credit. This saves having to manually track what credits are to be claimed in what month.

Anyone else have this problem?

3 Comments
AlexV
QuickBooks Team

Bulk payments don't allow accurate recording of credits being claimed

Good day, MichaelO86.

 

Intuit always finds more ways to make QuickBooks Online meet all businesses' needs. I'll take note of this so I can forward this to our developers so they can come up with a new way of handling credits.

 

QuickBooks Community is always here if you have more concerns. Stay safe!

MichaelO86
Level 2

Bulk payments don't allow accurate recording of credits being claimed

If they implement the way that I described it will be perfectly suited. If a credit shows up as a separate line item in the same way that bills do, it will allow people to claim it at any time it suits their specific business and the recording of time and tracking of the credit then become fully handled by the software, rather than out of the software. I'd like to throw away my clipboard of manually recorded credits if I could. Thanks Alex.

MichaelO86
Level 2

Bulk payments don't allow accurate recording of credits being claimed

Bump.

 

Credits need to show up exactly the same way bills show up when creating an ABA file, so you can accurately allocate the credits rather than just access all credits like a slush fund. Credits with suppliers who have trading terms beyond right now do not issue the credit immediately, rather it goes against the month that the related invoice would be paid.