cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 3

Offset vendor credit against vendor invoice

 
3 Comments
Highlighted
Moderator

Offset vendor credit against vendor invoice

Good day, lsefcik.

 

You can use the vendor credit as payment to your vendor's open bill. 

 

To apply the existing credit to an open vendor transaction, use the Pay Bill feature. Here’s how:

  1. In the left menu, click the + New button.
  2. Select Pay Bills.
  3. Choose the vendor from the list.
  4. Once selected, the vendor's existing credit populates on the Credit Applied column.
  5. Hit Save and close to apply the credit to the vendor open balance.

You may also follow below another step to use the vendor credit as payment for an open bill:

  1. Locate and open the bill you want to pay.
  2. Click the Make as paid button.
  3. In the Bill Payment window, the bill is marked in the Outstanding Transactions section.
  4. Go to the Credits section and mark the vendor credit.
  5. Hit Save and close.

To know more about vendor credits, take a look at this article: Enter a credit from a vendor

 

You may also find this helpful: Enter and pay bills

 

Let me know if you have any other questions concerning QuickBooks. I’m always here to help. Have a nice day!

Highlighted
Level 1

Offset vendor credit against vendor invoice

Thank you for this very simple solution.  I was on with chat help for over 15 min and all I got as a takeaway was that they were trying to sell me a training class!  From now on if I have a simple question I will just post it here.  Also, this should be a simple solution that comes in when you type in "offset vendor invoice against vendor credit", but you should see what came up that didn't come close to addressing my question.

 

I appreciate your quick and accurate response!

Highlighted
QuickBooks Team

Offset vendor credit against vendor invoice

Hey there, @LSefcik1.

 

Thanks for following up with us and letting us know that the solution provided by my colleague above worked for you. 

 

Please know you can reach out to the Community at any time. We're always here for you. 

 

Take care and enjoy the rest of your week. You certainly deserve it!

Need to get in touch?

Contact us