
Apply a journal entry credit to an invoice
by Intuit•66• Updated about 6 hours ago
If you need help with journal entries, you can work with QuickBooks Live Experts and feel more confident. Find out more about QuickBooks Live Bookkeeping.
For a better experience, open this article in QuickBooks Online. Launch side-by-side view
You can apply a journal entry to reduce the amount a customer owes on an unpaid invoice. This process involves two main steps: creating the journal entry and then applying it to the invoice.
Before you start
To apply the credit, you need to:
- Create a journal entry using Accounts Receivable account.
- Choose your customer’s name from the Name column on the journal entry.Â
Apply the journal entry credit
- Select +Â Create.
- Select Receive payment.
- Choose a customer.
- Under Outstanding Transactions, pick the invoice.
- Under Credits, select the journal entry you created.
- Select Save and close.
Result
After saving, QuickBooks will apply the journal entry credit to the invoice, reducing the amount due.Â
Related articles
More like this
- Resolve accounts receivable or accounts payable balances on a cash basis balance sheet in QuickBooks Onlineby QuickBooks
- Create and apply credit memos or delayed credits in QuickBooks Onlineby QuickBooks
- Transfer a credit from one customer to anotherby QuickBooks
- Fix a payment applied to the wrong invoice in QuickBooks Onlineby QuickBooks