cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.

Reply to message

View discussion in a popup

Replying to:
qbteachmt
Level 15

Reply to message

"This method seems to cancel off the outstanding amount on the expense account,"

If you never entered a Vendor Credit, then your deposit is against that original expense account.

If you entered a vendor credit/return, you have an open negative AP; that's why the deposit of the refund is as AP. It isn't against the original expense account. You already took care of that in the vendor return entry.

Need to get in touch?

Contact us