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Hi,
I have a supplier, who has applied credit to a purchase, they have Invoiced me the total amount but taken the off the credit from the actual bank transaction.
I have two credits of £18, the invoice amount was £412 but the supplier has taken £376 out of my bank, how would I input this into QuickBooks.
Thanks
Solved! Go to Solution.
Hi there, @One Auto.
Welcome to the Community. Let me help you enter the transactions in QuickBooks Online.
You'll need to enter two supplier credits in the amount of £18. You'll be applying these transactions to the bill amounting to £412.
To create a credit, here's how:
Once done, you should be able to see two credits and a bill from the supplier's transaction list. Let's start applying them by making a payment (see screenshot below).
Here's how to apply the credits:
The bill will now show with a balance of £376 (see additional screenshot).
If you've linked your bank account to QuickBooks, please follow these steps:
After the following the steps above, it should zero out the balance of your bill.
You can also check this article for more details about how to handle credits in QuickBooks: Enter supplier credits and refunds in QuickBooks Online.
Please let me know if you need anything else regarding the process. The Community and I will be here to help you.
Hi there, @One Auto.
Welcome to the Community. Let me help you enter the transactions in QuickBooks Online.
You'll need to enter two supplier credits in the amount of £18. You'll be applying these transactions to the bill amounting to £412.
To create a credit, here's how:
Once done, you should be able to see two credits and a bill from the supplier's transaction list. Let's start applying them by making a payment (see screenshot below).
Here's how to apply the credits:
The bill will now show with a balance of £376 (see additional screenshot).
If you've linked your bank account to QuickBooks, please follow these steps:
After the following the steps above, it should zero out the balance of your bill.
You can also check this article for more details about how to handle credits in QuickBooks: Enter supplier credits and refunds in QuickBooks Online.
Please let me know if you need anything else regarding the process. The Community and I will be here to help you.
Hi, Thanks for the reply.
Unfortunately i'm stuck at the first part, i'm unable to select Supplier Credit, I don't have the correct subscription/plan!
Good day, One Auto.
I want to make sure you're able to follow the steps provided by my colleague. Since the Supplier Credit feature is not an option in your current subscription, you might consider upgrading your QuickBooks Online plan.
Here's how:
Once upgraded, you can go back and follow the outlined steps above. You can go through this link to know more about the features and options available in QuickBooks Online versions: QuickBooks Comparison Chart.
Additionally, you might find this article interesting: Capture and categorise expense receipts and bills in QuickBooks Online. This will help you manage your expenses and bills in QuickBooks Online.
Let me know how it goes by leaving a reply below. I want to make sure this is resolved. I'll be right here if you need anything else. Have a good one!
So, you are telling me that I'm required to upgrade to be able to do this!!!!!!
if so, this is poor!!!!!!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.