Overpaid Vendor Transaction

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Subject Author Date Overpaid Vendor Transaction PT 12-09-2008  Re: Overpaid Vendor Transaction QBConsultant 12-10-2008  Re: Overpaid Vendor Transaction Haskel LaPort 12-10-2008
Posted by PT on December 9, 2008, 7:09 pm Please log in for more thread options QB 2008 Pro Suppose I overpaid a vendor in October by $25.00 on a particular invoice. In other words, the previously entered invoice was #2222 for $50.00, but I mistakenly entered and issued the vendor check for $75.00. So I effectively now have a credit with this vendor of $25.00 But when I go to the next month, I don't see the credit showing up anywhere. In other words, if I have entered a new invoice for $100.00, QB wants me to pay it with a check for $100.00, and no credit. I must have missed a step. Please advise. -- PT Posted by QBConsultant on December 10, 2008, 7:52 am Please log in for more thread options When you go into Pay Bills, Click on the Set Credits button (lower right above save) to apply the credit to the bill. Michelle L. Long, CPA, MBA Author of: Successful QuickBooks Consulting Advanced Certified QuickBooks ProAdvisor National Trainer for Intuit Accountant Trainer/Writer Network http://www.SuccessfulQuickBooksConsulting.com http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-starti= ng/dp/1434810690 > QB 2008 Pro > > Suppose I overpaid a vendor in October by $25.00 on a particular invoice. > In other words, the previously entered invoice was #2222 for $50.00, but = I > mistakenly entered and issued the vendor check for $75.00. =A0So I effect= ively > now have a credit with this vendor of $25.00 > > But when I go to the next month, I don't see the credit showing up anywhe= re. > In other words, if I have entered a new invoice for $100.00, QB wants me = to > pay it with a check for $100.00, and no credit. > > I must have missed a step. =A0Please advise. > > -- > > PT Posted by Haskel LaPort on December 10, 2008, 9:30 am Please log in for more thread options > QB 2008 Pro > > Suppose I overpaid a vendor in October by $25.00 on a particular invoice. > In other words, the previously entered invoice was #2222 for $50.00, but I > mistakenly entered and issued the vendor check for $75.00. So I > effectively now have a credit with this vendor of $25.00 > > But when I go to the next month, I don't see the credit showing up > anywhere. In other words, if I have entered a new invoice for $100.00, QB > wants me to pay it with a check for $100.00, and no credit. > > I must have missed a step. Please advise. It appears that you entered the 75.00 payment as a check when you should have recorded it as a bill payment. > > -- > > PT > Similar Threads Posted Vendor center name disappears after transaction June 10, 2008, 5:26 pm I overpaid a bill to a supplier, who is now paying back October 15, 2007, 7:46 am transaction reports November 25, 2007, 12:20 pm How do I record a pass-thru transaction? August 31, 2006, 4:32 pm how do I add customers to a memorized transaction June 8, 2007, 10:05 am Memorized Transaction Report August 4, 2008, 9:26 pm QB Pro 2009 Transaction log size May 9, 2009, 3:19 am Vendor garnishments from RCT.... August 16, 2006, 2:35 pm Vendor refund October 6, 2006, 7:09 pm Re: Vendor balance January 5, 2007, 7:28 am