Transfer credit from one customer to another quickbooks desktop
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In QuickBooks Desktop, you can transfer available credits from one vendor to another through the use of a temporary clearing account. Apply the credit · Select + New. · Under Customers, choose Receive Payment. · Select the name of the customer the credit was transferred from. Click the first “Account” cell, click the down arrow, and choose “Accounts Receivable.” To move the $ credit, in the “Debit” cell, type , and then head.
Transfer credit from one customer to another quickbooks desktop.QuickBooks : Between-Jobs Credits Transfer
Step 3: Link the payment or credit to the journal entry. Step 4: Create a journal entry to move the credit from the clearing account to another customer:job. Step 5: Apply the credit to the unpaid invoice. Need to make changes or updates to your accounts or subscriptions? Visit the Account Management Page. QuickBooksHelp Intuit. Open the invoice you’re transferring the credit to. Select the name of the customer the credit was transferred to. Under Outstanding Transactions , select the invoice you want to apply the credit to.
Under Credits , find and check the journal entry you created. In the Payment column, enter how much of that credit you want to apply.
Was this helpful? The credit amount and the memo auto populates. From the Name drop-down list, select the name of the customer the credit is being transferred to. Select Save. Under Customers , choose Receive Payment. Select the name of the customer the credit was transferred from. Showing results for. Search instead for. Did you mean:. Connect with and learn from others in the QuickBooks Community. Join now.
Level 1. Thank you. Labels: QuickBooks Desktop. Reply Join the conversation. QuickBooks Team. I’d like to help and share what I know in processing payments in QuickBooks Desktop. Here’s how: Open the invoice and go to Receive Payments button at the top.
On the first line, credit Accounts Payable with the amount to be transferred. In the Name column, select the vendor from whom the credit is coming. On the second line, debit the Clearing account created in step 1 with the same amount. Select the bill created by the Journal Entry it will appear without a due date. Select Set Credits.