Quickbooks Online: How do you record both the debit and return for a stopped payment to a supplier in the bank feed?

I can help you with that, KerriHaughian.

When you got a refund for a business expense or canceled project, you can record the payment by linking a bank deposit to a vendor credit. Before diving in, let's make sure that the bill and bill payment are properly recorded. This way, you'll have accurate vendor expenses. 

Once done, you'll need to enter a vendor credit to ensure that the credit hits the expense account you use for that vendor. Here's how:

1. Click the + New button.
2. Select Vendor credit.
3. In the Vendor dropdown, select your vendor.
4. Enter the category, product, or service you’re getting credit for.
5. Click Save and close.

Then, you'll have to deposit the money you got from the refund:

1. Click the + New button.
2. Select Bank Deposit.
3. In the Account drop-down menu, choose the account where you got the refund.
4. Go to the Add funds to this deposit section, then select the vendor who gave you the refund.
5. Choose Accounts Payable from the Accounts column.
6. Enter the amount of your refund.
7. Click Save and close.

Lastly, link the bank deposit to the vendor credit using the Pay Bills option:

1. Click the + New button.
2. Choose Pay Bills.
3. Select the bank deposit you just created. (The amount of the vendor credit will be shown in the Credit Applied field and the Total payment should be $0.00.)
4. To complete the process, click Save and close.

If you need to track all the money you've paid to a vendor for the year, you can customize the Transaction List by Date report. 

Do you have any other questions in mind? Feel free to leave them below and I'll get back to you as soon as I can.

Perfect! Thanks RenjolynC!

I just wanted to confirm that the directions that I was given were legitimate and would keeps the books without error! Much appreciated!!

Hello, I have closed an account I have at the bank to pay my credit card, how do I record the cash I withdrew i quickbooks?

Hi blakep,

From what I'm getting, you withdrew all the money from an account and closed it. Then, the money will be used to pay your credit card. I can help you record the withdrawal.

The withdrawal can be recorded by transferring money from your bank to a Cash on Hand account. Then, when you pay your credit card, you can transfer money from Cash on Hand to your credit card account.

Cash Withdrawal

If you don't have a Cash on Hand account yet, create it first, like how you created your accounts before. Just name it as Cash on Hand.

You also check this article for additional reference: Record your payments to credit cards. It shows the different ways to record a payment to a credit card.

Let me know if you have more questions about recording your transaction. Have a good one!