![]() Go to the Purchasing drop down menu and click Create Vendor Credit Memo.ģ. Otherwise use the default In Grid edit method.Ģ. If you are adding a lot-based item to a Vendor Credit Memo you must use the In Window Edit Method. ![]() If you are using a custom Purchase Order design and wish to use the Vendor Credit Memo feature then you will need to contact Tech Support to arrange the modification of your custom document to support this new feature.ġ. Only the "standard" entrée Purchase Order document has been updated to support the Vendor Credit Memo. Using the Receipt Date to generate the Lot Number is a popular solution with many of our customers. line item.Ĭompared to when you create a regular Purchase Order you may not have any idea what the Lot Number will be until the product actually arrives. When creating a credit it is likely that you will know the Lot Number involved and using the " in window" edit method is currently the only way to associate a Lot Number with a P.O. If you are editing a lot-based item on a Vendor Credit Memo, you will be required to use the " In Window" method. This window will have a search button for the "Lot Number" field. When the Create Vendor Credit Memo window opens first click the " In Window" Edit Method. For companies with entrée.AP, the Accounts Payable add-on module, you will be able to post your vendor credit memos in the AP Enter Payables - Post Purchase Order window.If you have entrée.QB, the QuickBooks integrator add-on module, it does support processing these transactions.The Vendor Credit Memo feature is supported by the PO Credit Register report. In addition, here's an article that you can read to learn how to refund a credit card payment in QuickBooks Desktop: Void or refund customer payments.ĭo you have any other questions in mind? Feel free to leave them below and I'll get back to you as soon as I can.Similar to a Customer Credit Memo, the Vendor Credit Memo is used to document the return of product to a vendor. With regard to the customer rebate, you can just create a credit memo or issue a refund check to record the returned transactions. To learn more about this process, you can visit this link: Record a vendor refund. Hit Done, then select Pay Selected Bills.Select Set Credits, then apply the bill credit you created earlier.Check the deposit that matches the vendor check amount.Go to the Vendors menu, then select Pay Bills.Once done, you can now link the deposit to the bill credit: In the Amount column, enter the appropriate amount for each account/item.If this for the returned items, select the Items Tab, then enter the returned parts. ![]() Select the Expenses tab and then enter the accounts on the original bill.Enter the vendor name and the other necessary information.Tick the Credit radio button to account for the return of goods.Go to the Vendors menu, then select Enter Bills.Enter a memo, cheque number, payment method, and class as needed.Īfter that, you'll have to record a bill credit for the refunded amount:.In the Amount column, enter the actual amount of the refund.In the From Account drop-down menu, select the appropriate accounts payable account.In the Make Deposits window, click the Received from drop-down menu and then choose the supplier who sent you the refund.If the Payments to Deposit window appears, click OK.Go to the Banking menu, then select Make Deposits.You only need a few more steps to complete the process. After the vendor sends you a refund for a bill that is already paid, you'll need to record it as a deposit in QuickBooks. ![]() You're already on the right track with entering the rebates. I'm here to help you in recording those transactions. ![]()
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