Most QuickBooks Users believe that recording a Vendor refund is not a challenging task. But many QuickBooks Users and Bookkeepers will disagree with that. However, this in-depth article contains answers to all your questions. The QuickBooks ProAdvisors of supportforerror have made sure that this guide has all the steps and solutions for recording a Vendor refund. You can get connected with the QuickBooks Experts via the 24×7 toll-free QuickBooks Payroll Support Phone Number +1-800-778-7614.
An issue that most QuickBooks Desktop Users run into is that it shows account payable even after the payment.
Some Common Mistakes
In rare cases, Users mistakenly charge the check back which they received from the Vendor as the original bill. Some Users even make the case even more complex by labeling the deposit. We also believe that you will be accustomed to refunding deposit memo segment.
Receiving The Vendor Refund
In this case, you will almost certainly ask the question that what the correct procedure is to get the Vendor refund. Well, do not worry as we have provided that below:
- Open QuickBooks and go to deposit screen.
- Now, click on Received field.
- Add the name of the Vendor for refund.
- Move on to the Accounting field.
- Now, put in the amount that is unsettled.
- Go to the bill option.
- Type in the name of the Vendor.
- Fill up all the appropriate fields with correct data.
- Now, save the file and close it.
- A Vendor refund check will be available once you fill up all the necessary details.
- Now, you must be able to see the same amount on both accounts.
We hope that you were able to create the refund check by following the steps that we have given in this article. If you are stuck on any step or got confused, do not hesitate to bring this to the notice of QuickBooks ProAdvisors. We look forward to provide the premium QuickBooks Tech Support Services to QuickBooks Users all over the world.
We feel proud of our Intuit Certified QuickBooks ProAdvisors who have worked with dedication and passion. It is because of them that we are known as a trustable source for Intuit QuickBooks Support. Call us on QuickBooks POS Support Phone Number +1-800-778-7614 today. We are also available to be contacted via other mediums like Email Support and Chat Support both of which can be accessed from our website.