Learn the difference between credit memo and refund as well as the steps for recording them to help ensure accurate financial records in QuickBooks. Create a credit memo for returned items Enter a credit memo if a customer returns an item they already paid. A credit memo helps you keep track of the sale, payment, and return of the item. The credit amount can be issued as a refund or retained in your customer account and applied to their next invoice. • From the Customers menu, select Create Credit Memos/Refunds. • From the Customer:Job drop-down, select the appropriate Customer. • Enter the returned items in the line item area, then select Save & Close. To refund the money, select Give a refund and click OK. The Issue a Refund window opens and should already be filled in. If everything is correct, click OK. The refund check has now been entered in the checking register, ready to be printed. • On the Available Credit window, choose one of the following: • Retain as an available credit: QuickBooks enters a negative amount in your A/R register for the credit memo. You can use this credit as a payment for another transaction. • Give a refund: You can issue the refund as cash, a check, or a credit card refund. • Apply to an invoice: QuickBooks opens the Apply Credit to Invoices window where you can select an invoice to which you want to apply this credit. Issue a refund check for an overpayment Issue a refund check if there's an overpayment and the customer just wants to get their money back. Option 1: Through the Receive Payments window • Go to the overpayment transaction ( Customers > Receive Payments). • At the lower left of the Receive Payments window, under the Overpayment section, select Refund the amount to the customer. • Select Save & Close. • On the Issue a Refund window, enter all necessary information, then select OK. Option 2: Through the Write Checks window • Go to the Banking menu, then select Write Checks. • Enter all required information. • From the Pay to the order of drop-down, choose the appropriate Customer. Hi Jack, and thank you Ratslinger for the advice provided in your various posts to help users with similar questions. • In the $ field, enter the overpayment amount. • Go to Expenses tab. • From the Account drop-down, choose Accounts Receivable. While the program was originally created to protect users in case of computer crashes, it's certainly useful in the case of moving files to another computer. How to transfer stock between brokerage accounts in quicken for mac. Look for sites that back up files online. The Quicken Online Backup Service offers a free, 30-day trial, followed by a service that charges a small amount every month to store any transactions you do in Quicken (see Resources below). • Select the Customer:Job drop-down, then choose the Customer. • Select Save & Close. • Link the check to the overpayment. • Go to the Customers menu, then select Receive Payments. • From the Received from drop-down, choose the Customer. • Select Discounts And Credits. • In the Available Credits section, mark the check you created, then select Done. • Select Save & Close. Although not part of your usual A/R workflow, credit or refund is still one of the most important customer-related transactions in QuickBooks Desktop. To see the complete list of workflows, see. If you haven't already done so, issue the amount of the refund to the customer in. To this vendor into the checking, credit card, or savings account you use for this business. If necessary, in the Category field, select the account that you use to track the customer's bills. You may need to click the Transfer tab on the left to see the available accounts. That you use to track this customer's bills. The Free Resume Builder helps prepare resumes even if you don’t have the slightest idea on how to do so using a seven step process. The end result is a well structured and formatted resume with all the right details at the right place. 21 Design Of Best Free Resume Building Software. Resume Building Software Free Download Full Version. Free Resume Building And Printing. Free Resume Building For Veterans. Resume Software For Mac Free. Best Free Resume Builder Software. Best Free Resume Maker Software. After 40 hours of testing resume writing software, LiveCareer is still our pick for the best option. 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If you haven't already done so, issue the amount of the refund to the customer in. That you use to track this vendor's transactions. Click (the Account Actions icon), and then choose New Refund.
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