I have several vendor credits to apply for returned materials. The original vendor bills have already been paid. We will not receive any cash/credit for the returns. We now have a credit with the vendor. How do I apply the credit to the vendor and then later apply it to future bills for payment?
When you returned something, you should have used enter bills, set it to a credit top left, and either used the expense tab or the item tab depending on what was returned. That sets a vendor credit.
then after you enter a new bill, in pay bills you can apply the credit.
how did you make the entry for the stuff that was returned?
Thank for the answer. The credits in question were before my time in this position. The previous person did not enter them. While I have some QB knowledge, I am still learning. I just want to be sure I do not need to do anything with the original bill entry.