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How to Record Vendor Credit in Quicken

Record credit from vendors in Quicken for situations such as returned goods or billing errors.

Procedure

  1. Access Vendor Transactions:

    • Open the Account for the vendor.
  2. Initiate Credit Entry:

    • Select the Account Actions icon
      .
    • Choose New Credit to open the credit form.
  3. Complete the Credit Form:

    • At the top, select or enter the Vendor Name.
    • Optionally, assign the credit to a project/job:
      • Choose Assign Project/Job.
      • In Select Project/Job, pick or add the project/job.
    • In the line items, enter the Expense Category and Credit Amount.
  4. Save the Transaction:

    • Select Save. This records the credit, reducing the amount owed.


Apply Existing Credits: When paying this vendor next, select Apply Existing Credits to reduce the bill.

Existing Credits: These are amounts credited from transactions like overpayments or credit memos.


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