Vendor Purchase Order that was Paid in full, but later returned items and received a credit memo from Vendor

CMUser · ‎July 15, 2020

I made a Purchase Order, Received Items with a bill, and later paid the bill with the check. I had to return part of the merchandise and was issued a credit memo from the vendor. How do I clear this up in Quickbooks Premier?

JoesemM · ‎July 25, 2020

Thanks for reaching the Community space, @CMUser.

You can create a vendor credit this will decrease the quantity on hand of the items your returning. I'll guide you how:

Go to the Vendors menu, then click Enter Bills.
Select the Credit radio button.
Choose the Vendor name.
Fill in the necessary information the same with the Bill created.
Select Save & Close.

I've added this article in case you need further guidance on how to record a vendor refund in QuickBooks Desktop.

Should you need tips and related articles in the future, visit our Community website for reference: QBDT Self-help.

Don't hesitate to tag my name in the comment section below if you have other concerns or questions. I'm always ready to help. Have a nice day.

View solution in original post

JoesemM · ‎July 25, 2020

Thanks for reaching the Community space, @CMUser.

You can create a vendor credit this will decrease the quantity on hand of the items your returning. I'll guide you how:

Go to the Vendors menu, then click Enter Bills.
Select the Credit radio button.
Choose the Vendor name.
Fill in the necessary information the same with the Bill created.
Select Save & Close.

I've added this article in case you need further guidance on how to record a vendor refund in QuickBooks Desktop.

Should you need tips and related articles in the future, visit our Community website for reference: QBDT Self-help.

Don't hesitate to tag my name in the comment section below if you have other concerns or questions. I'm always ready to help. Have a nice day.

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Vendor Purchase Order that was Paid in full, but later returned items and received a credit memo from Vendor

Vendor Purchase Order that was Paid in full, but later returned items and received a credit memo from Vendor

Vendor Purchase Order that was Paid in full, but later returned items and received a credit memo from Vendor

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