She has also been published in The Wall Street Journal, Forbes, BusinessWeek, American Express Open, the Huffington Post, and Inc.

Marjorie sits on Intuit’s VIP Program, is a frequent contributor to Inuit Accountants News Central, and has developed Intuit’s QuickBooks Enterprise Certification training. She was listed on CPA Practice Advisor’s 40 Under 40 in 2014 & 2015, and has been recognized as Intuitive Accountant’s 2015 QuickBooks Desktop ProAdvisor of the Year. Marjorie Adams is considered one of the top QuickBooks trainers in the country. Over the years, Fourlane has helped over 10,000 customers across many different industries with their QuickBooks accounting software. Fourlane’s team of experts offers several QuickBooks oriented services including consulting, training, programming, integration, and more. Our head QuickBooks trainer and guru, Marjorie Adams, is Founder and CEO of Fourlane, Inc., an award-winning consulting firm and Intuit’s #1 QuickBooks Reseller Partner.

It can be very helpful for you in managing your. QuickBooks allows you to record the refunds from a vendor. If a vendor rewards you with a credit for damage or dissatisfaction, you can apply the credit to an open bill so that it lessens your accounts payable balance to that vendor. In this article we are going to discuss how to record refund from a vendor in QuickBooks. The way I did it, its showing on my pay bills section. Then select credits and apply the credit to your bill. How do I enter information about an overpayment refund check from a vendor The check was deposited in the bank so its not really a credit towards a future bill. You need to check the box next to a vendor that you have created a credit for. The result of a vendor credit is going to be a debit to accounts payable and a credit to the general ledger account or item account you choose on the bottom half of the vendor credit.Īfter you select “Save + Close”, go into “Pay Bills”. You may enter why they are giving you a credit in the memo section for future reference. Then pick your vendor, and enter the amount. This video lesson is from our complete QuickBooks tutorial, titled Mastering QuickBooks Desktop Pro Made Easy v.2021. This changes the transaction from a Vendor Bill to a Vendor Credit. Enter Vendor Credits in QuickBooks Desktop Pro: Video Lesson The following video lesson, titled Entering a Vendor Credit, shows how to enter vendor credits in QuickBooks Desktop Pro. Used to return an item that your customer already paid. Check the best workflow that applies to ensure accurate recording in QuickBooks.

Create a credit memo or issue a refund check when you need to return an amount to your customer. To set up a vendor credit, you’re going to go into the vendor list and select “Enter Bills”. How To Enter A Refund In Quickbooks For Mac. This is not to be confused with the accounts receivable transaction, credit memo. If you return product or ask for a credit for services, the transaction in QuickBooks is called a vendor credit. In QuickBooks, this transaction is known as a bill. With accounts payable, your vendors send you invoices to pay for services or products you purchased from them.

Vendor refund check quickbooks for mac