How to record a refund check from a vendor in quickbooks Desktop and online

1. How to record a refund check from a vendor in quickbooks Desktop and online WWW.WiZXPERT.COM

2. Introduction QuickBooks allows you to record the refunds from a vendor.0It can be very helpful for you in managing your bank statements and transactions. If you don’t know the process for this then this article will be very helpful for you as we will be providing you the steps to record a vendor refund in QuickBooks Desktop.If a vendor problems a credit document, you enter a vendor credit and then apply it when you pay the vendor’s bill. If a vendor problems a refund check to you,you still enter a vendor credit,but you also enter a deposit and then link the deposit to the refund check. WWW.WiZXPERZT.COM

3. How To Record A Vendor Refund In QuickBooks Desktop You can select the suitable framework and follow the provided solutions in order to record the refund in QuickBooks properly. Scenario 1: The Vendor Sends You A Refund Check For A Bill That Is Already Paid • Record a Deposit of the vendor check: • Record a Bill Credit for the refunded amount: • Link the deposit to the Bill Credit: WWW.WiZXPERT.COM

4. Scenario 2: The Vendor Sends You A Refund Check For Returned Inventory Items Scenario 3: The Vendor Sends A Refund Check That Is Not Related To An Existing Bill Examples contain rebates, reward incentives, refunds, reimbursements, or checks that the vendor problems to cash out an existing credit. Scenario 4: A Vendor Sends A Refund Check On behalf of the original Vendor Scenario 5: The Vendor Sends You The Refund As A Credit Card Credit WWW.WiZXPERT.COM

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