Let's apply a supplier credit to any open or future bill, Susan. I'm here to show you how.
Suppliers often provide credit terms to companies, which enable them to delay payment for their purchases for a few days, weeks, or even months, depending on the country.
If you have not yet created a supplier credit, you will need to do so before it can be applied later on. However, if you have already established one and are ready to utilize it, here is how you can do it.
- Click on the + New button and select Pay bills.
- Choose the bill for your supplier from the list provided. The available credit with this supplier will be visible in the Credit Applied field.
- Complete the remaining fields as usual.
- Finally, click on Save or Save and close to complete the process.
For refunds or credits from a supplier, you can refer to the QuickBooks Online (QBO) guide for entering refunds or credits. This guide provides detailed instructions for different scenarios, such as when you enter expenses or write checks, or when you enter bills you plan to pay later: Handle supplier refunds and credits in QuickBooks Online
Just in case you want to learn how to refund a customer in QBO, you can refer to this material as your reference: Record a customer refund in QuickBooks Online
Should you have further questions about supplier credits in QBO, please don't hesitate to reach out to us. I'll be happy to help. Best regards.
