![]() Click “Save and Close” to complete the process.Review the transaction to ensure it’s accurate. QuickBooks Online will apply the credit to the invoice, reducing the total amount due.On the Refund Check line, enter the check amount in the Payment column. Tick the Apply Existing Credits checkbox. You'll see the amount of the credit included in the Existing Credits field and the refund check in the bottom section of the window. To connect the refund check to the credit memo: 1 Choose Customers > Receive Payments. You use the Receive Payments window to connect the two. In the “Outstanding Transactions” section, you will find the credit memo you created earlier. Select Receive payments in the drop-down. Although you have recorded both the credit memo and the check, you still need to connect the check to the credit memo so that QuickBooks can track the transaction correctly.Select the credit memo option in the Customer menu. Choose the one you want to apply the credit to by checking the box next to it. How to Record Refund Cheques Against Credit Memos in QuickBooks 1. ![]() You will see a list of open invoices for that customer.In the “Receive Payment” window, choose the customer who is receiving the credit.Under the “Customers” category, select “Receive Payment.” When it comes to managing returns or overpayments, QuickBooks offers multiple options, including refunds, credit memos, and delayed credits.Go back to the ‘+’ icon at the top left corner of your dashboard. ![]() Step 3: Apply the Credit Memo to an Invoice
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |