![]() On the Filter section, choose Vendor Credit from the Transaction Type drop-down menu.Select Customize, then, on the General dropdown, set the appropriate reporting date.Locate and open the Bills and Applied Payments or Transaction List report.Moreover, if you want to view the vendor credits so you can check if they are being auto-applied and you know what to correct, you can run the Bills and Applied Payments report or the Transaction List report and customize it based on the details you need to see on the report. Also, you can visit this article for more details: Applying vendor credits. If you're trying to apply for a vendor credit, you can do it manually from the Credit Applied column in Online Bill Pay. I'm here to help you with your concern about correcting bills in QuickBooks Online (QBO). I appreciate you chiming in on the thread, VaHiVisGear. Just add a post/comment below if you have any other QuickBooks questions. Record a bounced check in QuickBooks Online.How to record a bounced check entered using Accounts Receivable. ![]() On the other hand, I'd recommend contacting your accountant to help you manage your unpaid bills in QBO.Īlso, you may check these articles for future reference: Go to the Credits section and mark the vendor credit.įeel free to browse this article for more information about vendor credits: Manage Vendor Credits.In the Bill Payment window, the bill is markedw in the Outstanding Transactions section.Here's how you can apply it to the open bill: You can use the vendor credit as payment for an open bill. Enter the vendor name and the credit details for the vendor.Choose the Create menu ( +) and select Vendor Credit.To close the outstanding bill, you can easily create a vendor credit and process a payment to the open bill. Hi there, here to help you fix unpaid bills in QuickBooks Online (QBO). Can someone confirm that this is the best way to zero the vendor balances and that I'm not duplicating the recording or these expenses erroneously? Thanks. Is this the correct procedure? It will understate those expenses for this year, but I don't see another way around it. NOTE: I have to date it as today, although the transactions occurred in the past, bc previous years' books are closed and I don't want to affect the trial balances for those years. I've been using as "categories" the same expense categories that were on the original bill (credits). So, then I've been going to the cash (bank) account, and making a corresponding JE to "deposit" (debit) that amount back into the bank account, in order to keep the balance correct. In these cases it credits the cash account. In some cases, I have to "Pay Bill" (using this year's date) to get the bill closed and there's no credit there (from say a JE) to offset it. This in turn will correctly state the A/P. We are trying to get his vendor accounts cleared since he has no outstanding bills from those years. My (new) client has a number of vendors with outstanding bills/balances (that is, Bills with no Bill Payment associated with them) from previous years. Please read question carefully before answering.
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