Tag Archives: vendor credit

Create Vendor Credit in QuickBooks Online

This article addresses how to create a Vendor Credit in your QuickBooks Online software and apply it to an open vendor bill. A vendor credit can be used to apply to a future bill in lieu of a payment on that bill. A vendor will issue a vendor credit in lieu of a cash refund.

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How To Close Out Old Vendor Credits in QuickBooks Online

Note: This article assumes you do NOT have the “Automatically apply bill payments” setting turned on in your QuickBooks company settings. If one of your vendors currently has a credit (negative) balance in your books, then let’s create a new bill and then apply this open credit balance to it: Find your vendor (with the

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