Hello,
QuickBooks Online helps you create supplier credits quickly and easily so that you're able to put them towards future bills. If you have a bill you'd like to apply a supplier credit to, I'd be happy to explain how simple it is to do this.
Follow these steps to pay bills (or partially pay bills) using supplier credits:
Step 1: Enter the supplier credits
- Select + New.
- Select Supplier Credit.
- In the Supplier field, select the appropriate supplier name.
- Enter the Date, Amount, and Account (the account used here is typically the original expense account on the original bill).
- Select Save and close.
Step 2: Pay the bill using the supplier credits
- Select + New.
- Select Expense or Cheque. Note: Both Expense and Cheque recognize and record the expense. When you use Cheque, the transaction adds to the list of cheques that you can print.
- In the Choose a payee drop-down, select the supplier name.
- Leave the Ref/Cheque no, Date, Amount and Memo fields blank.
- In the Add to Expense or Add to Cheque section, select Add for the outstanding bill and supplier credit.
- Select Save and close.
Now your supplier credit has been added to the outstanding bill! For more information about this process, take a look at this helpful article:
How do I handle supplier credits and refunds?
If you need any further assistance with this, please don't hesitate to reach out to our tech support team.
Cheers.