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km@outsourcefina
Level 1

I am tidying up Aged Payables and not able to clear two transactions for the same Supplier. How can I allocate Credit Card Credit to Supplier Credit of the same Supplier?

 
1 REPLY 1
JoesemM
Moderator

I am tidying up Aged Payables and not able to clear two transactions for the same Supplier. How can I allocate Credit Card Credit to Supplier Credit of the same Supplier?

I know a couple of troubleshooting steps to help clear your two transactions and allocate Credit Card Credit to Supplier Credit of the same Supplier, km.

 

You can create a credit card credit to record the credit that your supplier applied. This can also reduce your Account Payable once you record this transaction. Let me guide you through the steps.

 

  1. Go to the + New button.
  2. Select Credit card credit.
  3. Choose the payee.
  4. In the Bank/Credit account field, select the credit card account that your supplier applied for the credit.
  5. Select the date in the Payment date section.
  6. Choose Accounts Payable as the account in the Category details section. 
  7. Enter the amount.
  8. Hit Save and close.

 

Once done, you can apply a supplier credit toward any open or future bill. When you’re ready to use the credit, here’s how to do it:

 

  1. Select + New and choose Pay Bills.
  2. Select a bill for your supplier from the list. You'll see the available credit with this supplier in the Credit Applied field.
  3. Complete the rest of the fields like you normally do.
  4. Click Save or Save and close.

 

 I'm adding these articles to learn more about refunding your supplier credits and matching refunds in QuickBooks:

 

 

You may also read through the following links for more insights about recording payments and how to run reports in QuickBooks:

 

 

Should you have any follow-up questions about creating transactions or any QuickBooks related, you can always find me here. Take good care!

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