Accounting & Bookkeeping Forum

[shift35]

I am using quickbooks pro and I had a large credit invoice from a vendor. I entered in this credit invoice and then asked the vendor to send me a check for the credit. How do I enter in the check to clear out the credit?

Thank you,
Taron

[benjonusa]

Taron,

You could just create an invoice to cancel the credit. When you go to pay bills, just select that invoice for payment and select the credit to clear it.

Then in the deposit window enter the refund amount from the vendor and select the appropriate expense account.

Normally when you enter a credit you just apply it to the next bill. In case of a refund, this way will work.

Ben Jones
www.prodigyaccounting.com