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.

Does your supplier send you credits that decrease the balance of the unpaid bills? How do you record these credits in QuickBooks Online?

If you pay the vendor immediately and you paid less than the full amount, you have received a refund from a supplier.

When vendors decrease what you owe them for a past service or product that was purchased, they usually give you a document called a vendor credit memo, or a supplier credit memo. The effect of recording this is exactly the opposite of when you recorded the original bill. Makes sense.