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Connect with and learn from others in the QuickBooks Community.
Join nowWelcome to Community, helmle.
I understand the importance of tracking all of your business transactions inside QuickBooks. Let me help you to record your rebate from your vendor.
First, let’s make a deposit to record the rebate you’ve received.
Once completed, let’s enter a Bill Credit. You can use this to record the amount of the rebate. Here’s how:
Lastly, let’s linked the deposit to the Bill credit.
Go to the Vendors menu, click Pay Bills.
Check the Deposit that matches the vendor check amount.
Select Set Credits and apply the Bill Credit you created earlier then select Done.
Click Pay Selected Bills, then select Done.
For your future reference, you can also Record a vendor refund in QuickBooks Desktop.
Please reach out again if you need further assistance. Have a nice day!
What if the rebates are used as in store credit at time of purchase? Do those need to be recorded?
Let me guide you on how to record these rebates, Crystal39.
If these are customer rebates, you can create an income account to record rebates and a charge item for each rebate. To create an income account. follow the steps below.
Then, create a Rebate Charge Item:
Next, create and redeem a rebate by giving your customer a credit or refund. Please read this article for steps: Give your customer a credit or refund in QuickBooks Desktop for Windows.
For your reference, run a report and customize them to get the information you need. Visit this article for more information: Customize reports in QuickBooks Desktop.
Please let me know if you have any questions about rebates. I'm always right here to help you.
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