Contact Quickbooks Customer Care USA @ 1-877-933-1633 to Know About Recording of a Vendor Refund in Quickbooks Desktop
In this particular blog post you
will come to know about vendor refund in QuickBooks desktop. Ever thought of
while running with QuickBooks desktop? You suddenly stuck in between recording
a vendor refund. Then not to worry QuickBooks Customer Care USA will help you
out.
Method 1: When the vendor sends you a refund check for a bill which is
already paid
To get away with such errors we
expect you to contact QuickBooks Customer Care
·
To record a deposit of Vendor check:
o
In
the Banking menu, then choose Make Deposits
o
If
Payment to deposit Window appears,
choose OK
o
In
make deposit pane, choose the Received from
drop down menu
o
Select
the Vendor who has sent you the
refund
o
In
the From Account, choose the exact Account payable account
o
In
the Amount Column, type the actual
amount of vendor check
o
Type
a memo, check number, payment method and
class
o
Click
on Save and Close
·
To record a Bill Credit for the
refunded amount:
o
In
the Vendor menu, choose Pay Bills
o
Choose
the Credit button
o
Type
the Vendor Name
o
Choose
the Expenses tab, type the accounts
on original bill
o
In
Amount Column, type the accurate
amount for each account
o
Click
on Save and Close
·
To Connect the deposit to Bill
Credit:
o
Click
on Pay Bills, in Vendors menu
o
Select
the Deposit, which matches the Vendor check amount
o
Click
on set credits, and apply Bill Credit and then choose done
o
Choose
Pay selected Bills
o
Click
on Done
·
To Link
the deposit to the Bill Credit:
o
In the Vendors menu, click on Pay Bills.
o
Select the Deposit
which matches the Vendor check amount.
o
Choose Set Credits and apply
the Bill Credit you already created then choose done.
o
Click on Pay Selected Bills, then choose done.
Method 2: When the vendor sends you a refund check for returned
inventory items
·
To record a deposit of vendor check
o
In
the Banking menu, choose make Deposits
o
If
Payments to Deposit window appears, click on OK
o
Choose
the received from
o
select
the vendor who had sent you the refund
o
In
the From Account menu, click on Account payable account
o
In
Amount column, type the actual amount of vendor check
o
Type
the remaining information in the deposit
o
Click
on save and close
·
To record a Bill Credit for the
returned items
o Click on to
the Vendors menu, and then choose Enter Bills.
o Choose
the Credit option button.
o Type
the Vendor name.
o Click on to the Items
Tab.
o Type the
items which were returned with the same amounts of refund check.
o Click on Save
& Close
·
To link the deposit to Bill credit
o
In
the Vendors menu, choose Pay Bills
o
Select
the Deposit which matches with Vendor Check amount
o
Click
on Set Credits and apply the Bill Credit
o
Choose
Done
o
Click
on Pay Selected Bills
o
Click
on Done
Method 3: When the vendor sends you a refund check which is not related
to an existing bill
·
To Record a Deposit of the vendor check
o
In the Banking menu, and then choose Make
Deposits.
o
If the Payments to Deposit window is
visible, click on OK.
o
In the Make Deposits window, choose the Received
from and select the vendor who had sent you the refund.
o
In the From Account, choose the exact Accounts
Payable account.
o
From the Amount column, type the actual
amount of the Vendor check.
o
Type the remaining information in the Deposit.
o
Click on Save & Close.
·
To Record a Bill credit for the
Vendor check amount
o
In
the Vendors menu, choose Enter Bills
o
Select
the Credit button, for return of goods
o
Type
the Vendor Name
o
Choose
the Expenses tab
o
Type
the Accounts
o
In
Amount Column, type the exact amount
o
Click
on Save and Close
·
To link the deposit to Bill Credit
o
In
the Vendors menu, choose Pay Bills
o
Select
the Deposit with that of Vendor check amount
o
Choose
set Credits
o
Apply
the Bill Credit
o
Click
on Done
o
Choose
Pay selected Bills
o
Click
on Done
·
Method 4: When a vendor sends
a refund check on behalf of the original Vendor
·
To Create a deposit for the vendor who sent the refund check
o
In the Banking menu, and then choose Make
Deposits.
o
If the Payments to Deposit window is viewed,
click on OK.
o
In the Make Deposits window, choose the Received
from and select the vendor who sent you the refund.
o
In the From Account, select the
appropriate Accounts Payable account.
o
In the Amount column, type the actual
amount of the refund.
o
Type a memo, check number, payment method and class.
o
Choose Save & Close.
·
To generate a
Bill for the Amount of the Deposit and apply it on the Deposit
- Click
on to the Vendors menu, and then choose Enter
Bills.
- In
the Vendor field, type the vendor details who has sent you
the refund.
- In
the Amount Due field, type the amount of the refund.
- Choose
the Expense tab.
- In
the Account field, click on to a Wash account
- In
the Amount field, type the amount of the refund.
- Click
on Save & Close.
- Move
to the Vendors menu, and then choose Pay Bills.
- Choose
the Bill and click on Set Credit.
- Choose
the Credit and click on Done.
- Choose Pay
Selected Bills, then click on Done.
·
To Create a Credit for the Original Vendor:
o Move to
the Vendors menu, and then choose Enter Bills.
o Click on
the Credit button.
o In the Vendor field,
choose the vendor who had sent you the refund.
o In the Credit
Amount field, type the amount of the refund.
o Choose
the Expense tab.
o In the Account field,
click on the account used on the original Bill.
o In the Amount field,
type the amount of the refund.
o Click on Save
& Close.
Method 5: When the vendor sends you the
refund as a credit card credit
o
In the Banking menu, choose Enter
Credit Card Charges.
o
From the Credit Card menu, choose the credit card
account.
o
Click on to the Refund/Credit radio button.
o
Select an exact Vendor name and type the Date, Ref
No, and Amount.
o
Type an accurate memo to briefly
describe the transaction.
o
Choose the Item tab and type the Items and Amounts from
the refund.
o
Click on the Expenses tab, choose the exact Accounts and
type the Amount.
o Click on Save
& Close.
Now that you know about recording of a vendor
refund in QuickBooks Desktop, you
must not be having any issue. We really hope that this post managed to resolve all your queries
regarding recording of a vendor refund in QuickBooks
Desktop. Our technical team
will surely find a pathway to debug such errors you come across. For further support
feel free to contact our QuickBooks Customer Care USA as our team of expert leaders is available 24*7 or you can also
directly drop us a mail at support@quickbooksupport.net.
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