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accounting109
Dec 21, 2019 4:12 AM UTC
Solved

Can't find this answer...I deposited a vendor check for a vendor credit with several other deposit amounts. How can I get Quickbooks Online to link to the vendor credit?

I can match each of the other deposits that are linked to payments from customers. But I cannot get small amount for the vendor credit to link to the vendor credit. I'm using Quickbooks Online so many of the other solutions I have found seem to only be for desktop.
accounting109Answer
Dec 21, 2019 3:53 PM UTC

Thank you for this help. I am having trouble getting past the first part. I cannot use the magnifying glass to find the deposit since it is not matched yet in the banking section. 

 

I cannot match the deposit in the banking section because the vendor credit is not showing up. 

 

I tried to do a split on the deposit, and it would let me enter the vendor information for the credit (with Account Payable), then I manually entered in the other customers and their payment amounts. 

 

Then I did the last step of creating a check to match the deposit and the credit. It worked great! Thank you. 

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2 replies

AlcaeusF
AlcaeusF
Dec 21, 2019 5:08 AM UTC

Welcome to the Community, @accounting109.

 

Linking a deposit to a vendor credit in QuickBooks Online (QBO) is pretty quick and easy. Before we proceed with the steps, ensure that you've selected Accounts Payable (AP) as the account in the deposit.

 

Here's how:

 

  1. In your QBO, go to the magnifying glass at the top right to locate and open the deposit. 
  2. On the Account section, pick Accounts Payable (AP).
  3. Hit Save and close. 

 

Once done, here's how to link the deposit to the vendor credit:

 

  1. Go to the +New at the top left to get to the Check. 
  2. Choose the vendor name in the Payee drop-down.
  3. From the Add to Check section, tick Add for the outstanding vendor credit and deposit. 
  4. Click Save and close to complete the process.

 

For additional information, consider checking out this article: Enter a credit from a vendor.

 

I want to make sure everything is taken care of for you, so please let me know if you have any other issues or concerns. I'm more than happy to assist. Have an amazing rest of the day!

accounting109AuthorAnswer
Dec 21, 2019 3:53 PM UTC

Thank you for this help. I am having trouble getting past the first part. I cannot use the magnifying glass to find the deposit since it is not matched yet in the banking section. 

 

I cannot match the deposit in the banking section because the vendor credit is not showing up. 

 

I tried to do a split on the deposit, and it would let me enter the vendor information for the credit (with Account Payable), then I manually entered in the other customers and their payment amounts. 

 

Then I did the last step of creating a check to match the deposit and the credit. It worked great! Thank you. 

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