Welcome to the Community, Beci927.
I have the steps to deduct rent payments from a bill for your vendors in QuickBooks Online.
There would be instances when your vendor owes you an amount for certain services. In this case, we can create a vendor credit to deduct their payment when paying them through a bill. Let me guide you on how.
- Select the +New icon.
- Choose Vendor credit under VENDORS.
- Select the appropriate vendor and category.
- Enter the amount that your vendor owes.
- Click on Save and Close.
After that, here's how to pay the bill together with the credit:
- Click on the +New button, then Pay bills.
- Check the bill you want to pay.
- Review the credit on the Credit Applied column.
- Select Save and close.
For more information, visit this page: Enter vendor credits and refunds in QuickBooks Online.
Moreover, browsing this article will help you gather valuable insights from your business finances to guide you in making informed decisions: Run a report with vendor totals.
Feel free to update us in this thread if you have additional questions when deducting vendor payments from a bill or other related concerns in QuickBooks Online. We can always lend a hand.