Skip to main content
janet-findlay
Mar 20, 2019 10:22 AM UTC
Solved

How do I apply a supplier refund to a credit card?

Original commenter did not share additional details
Rustler
RustlerAnswer
Mar 20, 2019 10:57 AM UTC

Supplier refund should mean you have a supplier credit on the books

assuming that to be true

 

plus menu, credit card credit, use accounts payable as the account, enter the amount and supplier name

then use pay bills, select the "bill" the CC credit made, and apply the supplier credit

View in thread

5 replies

Rustler
RustlerAnswer
Mar 20, 2019 10:57 AM UTC

Supplier refund should mean you have a supplier credit on the books

assuming that to be true

 

plus menu, credit card credit, use accounts payable as the account, enter the amount and supplier name

then use pay bills, select the "bill" the CC credit made, and apply the supplier credit

payment after leaving
Mar 20, 2019 11:47 AM UTC

Hi janet-findlay

 

You will need to create a card credit, plus icon, enter the supplier name in the payee box, select the credit card in the bank/credit account, enter the date you received the credit, in the category or product and service column enter the account or product you initially used in your bill or expense, enter the amount and VAT, if relevant, and select save and close.

If you have your credit card connected to QuickBooks you will be able to match the amount on the for review page to the card credit.

Ben Tran
Jun 9, 2020 6:05 PM UTC

Hi, I got a refund form our supplier.  The refund had put back to the company credit.  How do I book the transaction?

Ben Tran
Jun 9, 2020 6:08 PM UTC

The refund hat put back to the company credit card.

MaryLandT
MaryLandT
Jun 9, 2020 7:01 PM UTC

Thanks for joining this thread, Ben Tran,

 

I'm here to help you today. If your company credit card is connected in QuickBooks Online, you can proceed to the Banking page. Then, categorize it so you can link it to the bill.

 

If not, you'll want to create a bank deposit to record the refund. Then, apply it to your bill to make a zero balance on the supplier profile. Let me show you how:

  1. Click Create menu (+), then select Bank Deposit.
  2. In the Bank Deposit window, go to the Add New Deposit section.
  3. Under the Receive From column, choose the supplier you overpaid.
  4. Under the Account column, choose Creditors as the affected account.
  5. Enter the refund amount.
  6. Click Save and close.

 

Once done, let's create a bill payment to link the refund:

 

  1. At the top menu, click Create menu (+) and select Pay Bills.
  2. Click the Filter button, and choose the supplier in the Payee field.
  3. Click Apply.
  4. Put a checkmark on the transaction with the refund amount.
  5. The amounts in the Credit Applied the Open Balance fields should be the same.
  6. The amount in the Payment field should be zero (0).
  7. Click Save and close.

 

Check out these handy articles for more details about the steps provided above:

 

 

Should you need anything else, don't hesitate to leave a comment below. I'm always right here to help.

Terms & ConditionsAccessibility statement