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FlowCircusInc
June 16, 2022
Question

Voiding / Deleting Vendor Credits on QB Pro Desktop

  • June 16, 2022
  • 1 reply
  • 0 views

I am running QB Pro Desktop 2017. I have 4 vendor credits that I need to delete. I cannot find a way to list vendor credits without being in the process of paying a bill and cannot find any way to delete them. 

 

I did find an after market app that allows me to update QB data but would prefer to do this within the program.

 

The only thing I can think of is to create a bill for the total amount and paying it with the credit but this seems like it will throw off one of my accounts by about $5000.

 

Any guidance would be appreciated. 

1 reply

R
RoseJillB
June 16, 2022

It’s nice to have you here in the Community, @FlowCircusInc.

 

Let me assist you with deleting or voiding vendor credits without applying this to a bill in Quickbooks Desktop (QBDT).

 

Here's how:

 

  1. From the Vendors menu, select Vendor Center.
  2. Select the name of the vendor to see available transactions.
  3. Look for the vendor credit you want to delete or void.
  4. Click the Main tab under the menu bar.
  5. Press the Delete dropdown arrow to Delete or Void the credit.
  6. Tap the Save & Close button and select Yes.

 

 

 

If you didn’t see an option to delete the credit after following the steps outlined above. You can create a Journal Entry (JE), you’ll have to Credit the amount from the Accounts Payable (AP) and Debit to Equity Account. Also, kindly ensure to select the correct Vendor for the AP. 

 

Afterward, Go to the Pay Bills option and link the credit to the JE created. 

 

I’d also recommend you reach out to your accountant for expert advice. This will ensure you’re your books are correct and the transaction made is placed in the right account.

If you need further assistance with vendors, you can always tap me here in the Community. I’ll be around the corner to lean a hand for help. Have a great day!

F
FlowCircusIncAuthor
June 16, 2022

Thanks. The credits in question did not appear in the transaction list so I followed the step you've outlined. 

 

JE crediting A/P and naming the vendor, and debiting an equity account. 
Pay Bill and applying credits to the JE.

 

However, the balance in the vendor list is increased by that amount. The payment (using credits) isn't reflected.

 

What am I missing?

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