Credit Memo We sell a customer an item. They report that the item in damaged. We create a credit memo for the item and refund the customer. We do not want the item returned. However, Quickbook automatically puts that item back to stock. How do we make sure that QB does not add th...
When entering a credit memo in QB online, the sale price of product instead of cost is amount going back into inventory. How do I fix this? ex. sale price 79.99 cost 32.00 - credit memo is increasing inventory & decreasing COGS by 79.99 instead of 32.00...
Does not work. The "amount received" continues to show $0 and QuickBooks will not fill this in or allow you to save a payment that is $0. Selecting "credit memo" should cause QB to auto fill the amount received but it doesn't: "Something's not quite right To process this transaction...
QB Online automatically applied the credit memo to the outstanding invoices -- full payment of invoice number 1 and a partial payment of invoice number 2. However, the customer had already sent us a check for the two invoices by the time I had issued the cred...
Using QB Desktop for Mac2020 I am trying to apply a specific credit memo to an invoice while applying a customer payment. There are several credit memos that have been created and I need to select the one that applies to a particular invoice. I have went to the preferences...
I have heard about being also able to reverse the transaction through my Quickbooks Payment or Merchant Services Account but, I can't seem to be able to access this on my end? I am using QB Online in Canada. Thanks Cheer Reply Previous...
However, if you're using the QuickBooks Online Full Service (QBOPFS) version, there will be no Pay Taxes option in your Payroll Tax Center. This is because QuickBooks will automatically process the taxes for you. Below is a sample screenshot of how QB Full Service's Payroll Tax Center loo...
The same vendor issued credit for the bill, depositing the funds back. I entered a vendor credit because I want record of the credit memo and expense (in and out), but how do I match the bank entry with the vendor credit which still shows a balance amount?
Example: 5k travel expense for Company A but Company B paid as loan In QB Online i entered the travel expense as a bill in company A and then added a new vendor credit for 5k and picked account as due to Company B. My loan towards company B...
The same vendor issued credit for the bill, depositing the funds back. I entered a vendor credit because I want record of the credit memo and expense (in and out), but how do I match the bank entry with the vendor credit which still shows a ba...