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Join nowI initially received an invoice for items I have input as a vendor purchase order. When this invoice initially came in, based on the quantity received, we received those items in full. But at later time we actually had to return those items, then was issued a credit from vendor. How do I apply the credit towards the purchase order so that it reflects I still have a certain amount of items left to purchase?
Because it is showing on the Purchase order that the item in received in full, when actually now it isn't due to the returned items.
There isn't a way to apply a bill credit to a PO. Is there really a need to do so? It seems the transactions related to the order are complete.
Hello there, Steph-WDSite.
Thanks for coming in with us. Let me guide you on how to handle returned items from purchase order that has been received in full.
Since you've already received those invoice item in full, you can create a new purchase order for those returned items.
Here's how:
That's it. If there's anything else I can help you with applying credits in QuickBooks, just let me know. I'm always happy to help.
But they are not. By returning those items I need to correct the quantity on the PO that we still need to order. So since I credit was issued back for those returned items, I would like the PO to reflect still needing "15" feet of pipe. Does that make sense?
I initially entered a PO for a job for the pipe supplies needed for a job. And as we order things and I get invoices, I apply the quantities ordered to that PO. Then on a weekly basis for our meetings, I can pull a report to see what has been ordered and what is still left to order, etc. So by looking at things currently, it makes it look like we have ordered/received full quantity of what was on PO.
Thanks for explaining what you're trying to accomplish, @Steph-WDSite.
Allow me to step into this conversation and provide clarifications about correcting a purchase order in QuickBooks Online.
Being able to link a credit to a purchase order isn't possible in QuickBooks Online. This process is only applicable to a bill. As mentioned by my peer @Charies_M above you'll need to create a new purchase order to track those items that needs to be returned. Afterwards, you can enter a memo on your purchase order to indicate the reason for the transaction.
For the steps in creating PO, please refer to the steps given above. Also here are some helpful articles about recording a vendor refund for your future reference:
That should do it.
Please let me know if you have any other questions about PO in QuickBooks Desktop. I'll be around to provide further assistance. Have a great day!
I ordered items through a Purchase Order (created in Quickbooks Desktop). I received part of those items and created a bill for it. For the rest of the items remaining in the PO, I received a credit memo from the vendor since they no longer have the items. How do I post a credit against a purchase order to correct the item quantities in Quickbooks Desktop? Or do I need to update the PO directly to reflect the changes?
I've got you covered, mdipchand.
Since a purchase order is a non-posting transaction, we're unable to post a vendor credit against it. If you've received the correct quantity of items, you'll just have to edit the purchase order. This way, it will show the accurate number of items you've obtained. Here's how to do it:
However, if the quantity of the items you've received isn't accurate, you'll need to adjust your inventory.
I've also included some articles that help you manage your inventory in QuickBooks Desktop:
I'm just a few clicks away if you have further questions or any inventory-related concerns. Have a great rest of the weekend.
But you have not received the correct number of items if you have to return a certain number. If you follow the "new PO" you will have two receipts for the same item and PO records will show your usage higher than actual usage.
Won't editing the PO quantities after a receipt affect the item receipt that AP needs to vouch against?
Let me share some insights about purchase orders in QuickBooks, @KT_CO.
Quantity on Purchase Order (PO) is a field that displays the inventory items. The purpose of this field is to keep a running count of inventory that is on order but not received yet.
You can edit the quantity in the Purchase Order to make changes to the item receipt. For more information, please see this article: Create purchase orders in QuickBooks Desktop.
Additionally, I've attached some articles you can utilize to help manage and track items in QuickBooks:
Keep me posted if you have other questions about handling purchase orders in QuickBooks. I'll be around to assist you. Stay safe!
Let me share some insights about purchase orders in QuickBooks, @KT_CO.
Quantity on Purchase Order (PO) is a field that displays the inventory items. The purpose of this field is to keep a running count of inventory that is on order but not received yet.
You can edit the quantity in the Purchase Order to make changes to the item receipt. For more information, please see this article: Create purchase orders in QuickBooks Desktop.
Additionally, I've attached some articles you can utilize to help manage and track items in QuickBooks:
Keep me posted if you have other questions about handling purchase orders in QuickBooks. I'll be around to assist you. Stay safe!
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