How you enter the credit depends on how you record your purchases. Choose the section below that applies to you. If you’re not sure, ask your accountant. Or, we can help you find an accountant.
Use these steps if you enter bills to track your expenses. This makes sure the credit hits the expense account you use for this vendor.
You can apply a vendor credit toward any open or future bill. When you’re ready to use the credit, here’s how to do it.
To track credits for your vendors, you should consider entering bills in QuickBooks. This way, you can track your account balance and credits using Accounts Payable. Otherwise, you can enter a note to remind yourself about this credit in the future.
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