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tucklan-mok
November 6, 2022
Question

How to Create a Debit Note in QuickBooks? Under the “SUPPLIERS” menu select “Debit Note”

  • November 6, 2022
  • 1 reply
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How to Create a Debit Note in QuickBooks? Under the “SUPPLIERS” menu select “Debit Note”

1 reply

M
Maybelle_S
November 6, 2022

I can help you create a debit note in QuickBooks Online (QBO), @tucklan-mok.

 

We can use the Supplier Credit feature if the debit note is for returning items or another reason. I'll show you how.

 

  1. Go to the +New icon.
  2. Under Suppliers, select Supplier credit.
  3. Choose your supplier from the drop-down arrow.
  4. Enter the other information needed.
  5. Hit Save and close.

 

I've added this link about handling supplier credits in QBO. It will show you how to record your purchases in QuickBooks: Handle supplier credits and refunds.

 

Leave a comment in this thread if you have other questions about debit notes in QuickBooks. I'll get back to you as soon as possible. Take care.

X
xianfeng
February 18, 2023

Hi 

 

I want to create a Debit Note for sharing costs with a related company, it is not a supplier and has nothing to return, and the Supplier Credit is not suitable in such a case, what is your suggestion?

Rubielyn_J
Rubielyn_J
February 18, 2023

Thanks for joining this thread, @xianfeng. Let me share some information on how to create a Debit Note.

 

Since it has nothing to return, and supplier credit isn't applicable to your case, we can simply create a journal entry. Before doing so, I also suggest consulting an accountant to ensure that your recording is accurate and balanced. 

 

To proceed, here's how:

 

  1. Select + New and select Journal entry.
  2. On the first line, choose an account from the Account field. Depending on if you need to debit or credit the account, enter the amount in the correct column.
  3. On the next line, select the other account you're moving money to or from. Depending on if you entered a debit or credit on the first line, enter the same amount in the opposite column.
  4. Check the amounts - you should have the same amount in the Credit column on one line and the Debit column on the other. 
  5. Input information in the memo section so you know why you made the journal entry.
  6. Click Save and new or Save and close.

 

Additionally, I'll be sharing these references you can utilize to help manage your expenses and outstanding balances for customers/vendors. 

 

 

Feel free to get back in here if you have questions about creating debit note in QuickBooks Online. I'm always around to help. Keep safe!

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