How to recieve payment from vendor for returned goods ?

Pleased to have you here, @tater-02.

I am here to help walk  you through in recording a vendor refund for returned goods.

First, we need to create a Vendor Credit. Here's how

1. Click the Plus (+) icon.
2. Select Vendor Credit.
3. Enter the necessary information.
4. Click Save and close.

Once completed, let's record the payment made your vendor as a Bank Deposit. Here’s how:

1. Go to the Plus (+) icon.
2. Choose Bank Deposit.
3. Enter the necessary information.
4. Select the vendor on the Add funds to this deposit section.
5. On the Account column, choose Accounts Payable (A/P).
6. Enter the amount.
7. Click Save and close.

Lastly, to link the two transactions, let's create a Check. Here's how:

1. Choose the Plus (+) icon.
2. Click Check.
3. Select the vendor’s name as the payee. Once you do that, the Deposit and the Vendor Credit will show on the right side of the screen.
4. Click Add on both Deposit and Vendor Credit.
5. Hit Save and close.

That's it! This should allow you to accurately record the payment receive for returned goods.

Always feel free to reach out to us here in the Community if you have other questions about managing your vendor refunds. I'm here to help.

How do you allocate the Vendor Credit? (automatic credits from a vendor to a credit card) It is not income, other income or an asset. Thanks

Thanks for the additional information, 1Desktop3!

Instead of creating a vendor credit, you can create a credit card credit. Just click the Plus icon and choose Credit Card Credit under Vendors. If you use inventory items, this transaction will automatically deduct its quantity in your record.

Please go back to this thread if you have other questions.

How to stop Pop ups I have my business to run not yours. Stop this NOW. I do not want to track my AUTO Mileage. How many time do you need to ASK Me.  I do not need funding.   Stop the USPS mail and the POP UPS>  I did all the setting and I am still having Problems.  This needs to stop.   

I can see that you've posted twice in this forum, paul14.

Please check this link to see the answer to your concern: https://quickbooks.intuit.com/learn-support/en-us/employees-and-payroll/re-how-to-stop-pop-ups-i-hav...

Get back if you have other questions. We are all right here to help.