Series

We have several posts here at Begin Coding Now that are on QuickBooks Online that are grouped into Series. Click the previous link to see the list.

What happens when you issue a credit memo to your customer Bob Smith and Bob has several open invoices? Which invoice should the credit memo be applied to? Credits can be automatically applied to the oldest open invoice in QuickBooks if that option in the “Automatically apply credits” option in the Advanced section of the Account and Settings section of the Cog Wheel. However, for learning reasons you may want to turn this off and apply the credit manually. Your customer Bob may want the credit applied to a specific invoice so you’ll want to change the setting and apply it manually.

To change the setting, click the Cog Wheel, and under Your Company click Account and settings, Advanced and turn the Automation setting Automatically apply credits to Off.