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ghackjr
November 11, 2022
Question

AP applied credits

  • November 11, 2022
  • 2 replies
  • 0 views

I am set up net 10 with most suppliers. 

I have filtered by the vendor and last month. When I go to apply the credits, it is applying the credit we received for the current month as well. How do I shut this off?

2 replies

DivinaMercy_N
DivinaMercy_N
November 11, 2022

Hello there, @ghackjr. I'm happy to share some details about managing supplier credits in QuickBooks Online (QBO).
 

When you're applying payment to a bill in QBO, the program will automatically show all the existing credits assigned to that specific supplier regardless of the date it was entered. To avoid seeing the current ones when performing the process, you can simply use the Filter option to set the correct date range. To do so, just go to the Credits section of the Bill Payment page. Please see the screenshot below for reference:

 

 

For more info about this, feel free to visit this article: Handle vendor credits and refunds in QuickBooks Online.

 

The program also allows you to easily track the amount you paid to a supplier for a specific period by pulling up a Transaction List by Date report. You can also utilize the Customize option to include only the detail you need the most.

 

Please keep me posted if you have any other concerns about managing supplier credits in QBO. I'd be glad to assist you further. Have a good one and take care.

G
ghackjrAuthor
November 12, 2022

Where do I find the Bill Payment tab?

I see Pay Bills but it does not have the credits listed.

L
LollyNino_C
November 12, 2022

Let me help you pay bills in QuickBooks Online (QBO), ghackjr.

 

QuickBooks lets you use Pay Bills to pay a bill with a credit or debit card. However, this process won't actually take payments from your actual account. This is only for recording purposes.

 

Let me show you how to do it.

 

  1. Select + New.
  2. Under Vendors select Pay Bills.
  3. In the Payment account, select your credit card account.
  4. Enter the Payment date.
  5. Select the bill you want to pay.
  6. Click Save, Save, and print, or Save and close.

 

If you want to pay bills online, you can sign up for Online Bill Pay via QBO. Before getting started, you may want to review on how this option works in the system by checking out this article: What is Online Bill Pay?

 

Once you're ready, you can sign up and start paying bills online. Please browse this article for the detailed steps: Learn how to sign up for Online Bill Pay via QuickBooks Online.

 

In addition to this, since you've connected your Credit Card account, QuickBooks will download transactions from this bank. All you need to do is match and categorize them. The transactions go into your accounts after you review them.

 

Stay in touch with me if there's anything else you need by clicking the Reply button below and posting your additional questions. I'll be right here to help you.

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