Skip to main content
A
Al Len
March 9, 2021
Question

How to Apply ACH/Wire to vendor bill?

  • March 9, 2021
  • 1 reply
  • 0 views

I need help.  I sent a wire to pay our vendor. On the next day,  I did the bank feed process  to import all the bank transaction to QB.  I approved the wire transaction (in bank feeds) but I did not select/or assigned the wire to be applied to specific bills.  The wire is now sitting on the vendors account unapplied.  How can I apply it?   

1 reply

DivinaMercy_N
DivinaMercy_N
March 9, 2021

You're in the right place, @Al Len.

 

To apply the ACH/Wire payments on your vendor bills, make sure that you've added the transactions to Accounts Payable. This way, it will serve as a credit to the vendor. Once done, let's apply the credits to pay your vendor bills:

  1. Go to the Vendors menu and click Pay Bills.
  2. Choose the bill that you need to pay.
  3. Select the Set Credits button at the bottom to apply for credits.
  4. When done, hit Pay Selected Bills. 

 

For your reference, please see this article: Pay bills in QuickBooks Desktop.

 

Also, it is recommended to always create a backup copy of your company file before making any changes. This is to make sure you have an original copy that you can restore at any time in case of data loss or damage.

 

Then, QuickBooks has a variety of vendor reports that you can open to see your expenses and accounts payables. To get started, head to the Vendor reports page at this link. 

 

Let me know how it goes and leave a response below if you need more help applying for ACH/ Wire payments on your vendor bills in QuickBooks. I'm just a post away if you need help. Have a good one.

A
Al LenAuthor
March 10, 2021

Got it!  I applied the partial payment on the bill however, it creates a payment for the residual.  I am not processing any payment--Is this the correct approach?

Terms & ConditionsAccessibility statement