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Record credit from
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vendors in Quicken for situations such as returned goods or
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billing
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Quicken provides a credit form on which you can enter the credit as a separate transaction in the accounts payable register. After you enter the credit, you can apply it to your bill, thus reducing the total amount of the bill.
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Click Save. Quicken enters the credit in the accounts payable register, which reduces the amount you owe the vendor. The next time you make a payment to this vendor, you can select the Apply Existing Credits checkbox to have Quicken apply the credit to the bill.
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| title | What are existing credits? |
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errors.
Procedure:
Access Vendor Transactions:
- Open the Account for the vendor.
Initiate Credit Entry:
- Select the Account Actions icon
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- Choose New Credit to open the credit form.
- Select the Account Actions icon
Complete the Credit Form:
- At the top, select or enter the Vendor Name.
- Optionally, assign the credit to a project/job:
- Choose Assign Project/Job.
- In Select Project/Job, pick or add the project/job.
- In the line items, enter the Expense Category and Credit Amount.
Save the Transaction:
- Select Save. This records the credit, reducing the amount owed.
Apply Existing Credits: When paying this vendor next, select Apply Existing Credits to reduce the bill.
Existing Credits: These are amounts credited from transactions like overpayments or credit memos.
Additional Information: Feature available in Quicken Business & Personal. For upgrade information, see the upgrade guide.
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This feature requires Quicken Business & Personal.
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Learn how you can upgrade Quicken in minutes.