#Delete credit memo in quickbooks online how to#

Thanks for getting back to us and providing additional details. Let me know if you have any other concerns with recording vendor transactions in QBDT. I'd recommend checking out this article for other ways to record them in QuickBooks: Record a vendor refund in QuickBooks Desktop. įurthermore, different scenarios require a specific set of steps to account for a vendor refund. Select Pay Selected Bills, then select Done.Tap Set Credits and apply the Bill Credit you created earlier then select Done.Check the Deposit that matches the Vendor check amount.From the Vendors menu, click Pay Bills.In the Amount column, enter the appropriate amount for each Account.įinally, let's link the deposit to the bill credit using the pay bills option.From the Expenses tab, enter the Accounts on the original bill.Choose the Credit radio button and pick the Vendor name.From the Vendors menu, select Enter Bills.Once done, let's record a Bill Credit for the refunded amount: In the Amount column, enter the actual amount of the Vendor check.In the From Account drop-down, select the Accounts Payable account.In the Make Deposits window, click the Received from drop-down and choose the vendor who sent you the refund.If the Payments to Deposit window appears, tap OK.Go to the Banking menu, then select Make Deposits.Let's first record the deposit of the vendor check: Thanks for chiming in on this thread, I've got the set of steps to handle these entries in QuickBooks Desktop (QBDT). Please know that you can always post here if you have other QuickBooks concerns. To do so, please check out this link: Run a report with vendor totals. From the Add funds to this deposit section, fill out the necessary information.įor more details, please check this article: Manage vendor credits.Īlso, to have a summary of all the money you paid to a vendor for the year, you can run a Transaction List by Date report.

In the Account drop-down menu, select the account where you got the refund.

Next, deposit the money you got from the refund: Usually, this is the category, product, or service you’re getting credit for.

Depending on how you record purchases with this vendor, enter the Category details or Item details.

In the Vendor dropdown, select your vendor.

Go to the +New tab and choose Vendor credit.

#Delete credit memo in quickbooks online how to#

Let me share with you the steps on how to enter credit to an expense in QuickBooks Online (QBO), here's how:įirst, let's create a vendor credit and make sure that it links to the expense account for the specific vendor, here's how: