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Best answer May 27, 2021
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I can provide the steps on how to make the deposit and link to the credit balance of your vendor, G-force 1.
You need to make a deposit and categorize it under the Accounts Payable account. This way, you'll be able to link the deposit to the vendor's credit.
Let me show you how:
- From the Banking menu, select Make Deposit.
- Select the name of the vendor, choose Accounts Payable, enter a memo, and enter the amount, as shown below.
- Click Save & Close.
After that, link the deposit to the credit to zero out the remaining balance. Here's how to do so:
- Hit on Vendors at the top menu bar.
- Click on Pay Bills.
- Select the deposit that matches the vendor check amount.
- Press on Set Credits and apply the Bill Credit you created earlier then press Done.
- Tick Pay Selected Bills.
- Tap on Done.
In addition to the steps above, I'm adding this link for a guide: Recording refunds you received from a vendor.
You can also browse these articles for future reference in managing the receivables and parables of your business:
- Accounts Receivable workflows in QuickBooks Desktop
- Accounts Payable workflows in QuickBooks Desktop.
I'll be around to help if there's anything else you need. Just leave a reply below, and we'll take it from there. Have a lovely day!
I can provide the steps on how to make the deposit and link to the credit balance of your vendor, G-force 1.
You need to make a deposit and categorize it under the Accounts Payable account. This way, you'll be able to link the deposit to the vendor's credit.
Let me show you how:
- From the Banking menu, select Make Deposit.
- Select the name of the vendor, choose Accounts Payable, enter a memo, and enter the amount, as shown below.
- Click Save & Close.
After that, link the deposit to the credit to zero out the remaining balance. Here's how to do so:
- Hit on Vendors at the top menu bar.
- Click on Pay Bills.
- Select the deposit that matches the vendor check amount.
- Press on Set Credits and apply the Bill Credit you created earlier then press Done.
- Tick Pay Selected Bills.
- Tap on Done.
In addition to the steps above, I'm adding this link for a guide: Recording refunds you received from a vendor.
You can also browse these articles for future reference in managing the receivables and parables of your business:
- Accounts Receivable workflows in QuickBooks Desktop
- Accounts Payable workflows in QuickBooks Desktop.
I'll be around to help if there's anything else you need. Just leave a reply below, and we'll take it from there. Have a lovely day!
