My insurance company has given me credit on my account.
My payments are made via payroll liabilities.
I now have a vendor credit that needs to be applied to an ACH deduction in my checking account.
How is this completed?
Thank you for your time and attention.
Solved! Go to Solution.
I'll help you with applying vendor credits to ACH, BemisGin.
Please keep in mind that a bill credit can only be used to reduce the total balance of an open bill.
To do this, you'll need to create a journal entry. Then, apply it to the existing credit. I'd recommend consulting an accounting professional to ensure your recording is accurate.
Here's how:
After that, follow these steps to apply the journal entry to the credit:
Here's an article that will guide you in tracking the funds you owe your vendors: Accounts Payable workflows in QuickBooks Desktop.
Post some more if you have any other concerns or follow-up questions. Have a good one.
I'll help you with applying vendor credits to ACH, BemisGin.
Please keep in mind that a bill credit can only be used to reduce the total balance of an open bill.
To do this, you'll need to create a journal entry. Then, apply it to the existing credit. I'd recommend consulting an accounting professional to ensure your recording is accurate.
Here's how:
After that, follow these steps to apply the journal entry to the credit:
Here's an article that will guide you in tracking the funds you owe your vendors: Accounts Payable workflows in QuickBooks Desktop.
Post some more if you have any other concerns or follow-up questions. Have a good one.
Thank you so very much for your reply. In my vendor menu, pay bills, I do not have the option of select journal entry, or bill select set credits.
I AM USING QUICKBOOKS DESKTOP PRO PLUS 2022
Thank you in advance for your time and attention.
Renee
I was trying to follow your sets before entering the journal entry. Thank you so very much for your time and attention.
I believe I have corrected all the accounts.
Renee
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