0 Comments Jump to Write off a credit - How to Write Off the overpayment credit. Adobe Photoshop Elements 11 – 12 Hours Video Training CourseQuickbooks Mac Cash Refund For Credit Memo. Safari: press Command + Shift + N. Internet Explorer: press Ctrl + Shift + P. Mozilla Firefox: press Ctrl + Shift + P.Power Pivot, Power Query and DAX in ExcelIf you missed Joe's 'Tips and Tricks 'QBTalks Webinar presented by Insightful Accountant on February 10, here is an excerpt from the information presented during that broadcast. Sometimes a bill isn’t the whole story on keeping things balanced with your vendor. Description field should have a note explaining the reason for this write-off.Let me show you how that’s done in QuickBooks. It could be like, in our example, our customer owed us a little bit of money and we’re going to go ahead and write that off.There are various reasons for creating credit memos. And they want to keep a credit on their account. Today, I’m going to show you how to create credit memos.You would use a credit memo any time you wanted to do something like, for example, someone returned something. We are working in module four and we’re all the way down to section seven.And I wanted to show you before we go on and do our credit memo that we do have these open invoices here.Now, the one I want to show you is if you remember back in section five we talked about receiving payments. And I’m going to come down to Customers & Receivables and I want to look at Open Invoices.Now, we’re going to look at all the reports later on in module eleven but right now this would be any invoices that have not been paid. You’re going to use this Refunds & Credits button here.Before we do this though, I want to look at a quick report having to do with accounts receivable so that you can see that we do have monies sitting on our customer’s account that we’re going to want to credit in this particular exercise.I’m going to go up to Reports on the menu. You’re going to do it the exact same way.
![]() Quickbooks Credit Memo Mac Cash RefundThen you’re going to pull in your customer and your job.Now, at this point, a lot of people think that it’s going to pop up with that invoice where the customer owes $0.04 so we can check it off. And I’ll show you how to actually create that credit memo.,You’re going to go here! Where it says Refunds & Credits. Let me flip back to the Home screen. Here’s the one invoice where he owes us $0.04.We’re getting ready to create a credit memo and you will see that disappear once we do that. If I go up and change my date to maybe the end of the month, for example, and then click to refresh the report, now, you’ll see there’s Tom Allen. S,o we should have an invoice where it says the customer owes $0.04.The reason we don’t see anything here for Tom Allen, because this is only anything open as of December the 15 th. We’re going to go down to the item and decide what it is we’d like to credit.Now, I want you to think about this. But you want to change it to some other number and then it will number sequentially.Here’s the important part. Numbers that anything that’s numbered in QuickBooks will start with number one. Remember, I also told you as far as the credit memo. You want to change your date.Let’s say that, I’m going to credit this on January the 15 th. So, we’ll see that window in a little bit.You’re going to go ahead and make sure you have everything correct around the screen here. Best external hard drive for mac reliabilityThat’s really, really important as far as keeping inventory straight.In this case, all we’re going to do is just write off some bad debt, which was the $0.04 we talked about. That means you need to pick that same chair from this list. When you actually created the invoice to sell the chair, QuickBooks took that chair out of your inventory.If the person is returning the chair, then you’ll want to put it back in your inventory. ![]() Notice, it says Credit Memo right here. You can print this if you need to for some reason.Let me go ahead and preview and just show you currently what it’s going to look like. You’re familiar with Create a Copy and Memorize, so nothing new there. We’ve got our New option.You’re already familiar with Save and Delete. We’ve got our Next and Previous and our Find like we’re familiar with. And that’s really all I want to do in this particular case.Now, let’s see if there’s anything new up here on our tabs. There’s your spellcheck!You know how to insert a line, delete a line, and copy a line at this point as well. And that’s what these are going to allow you to do, as well as this one. Let me talk about these two here in a second.Over under the formatting tab, you do have the ability to customize what the credit memo template looks like. And here’s where any invoices that are open appear. But let’s say, you never saw those and you went ahead and said Save & Close down at the bottom.It’s going to pop up and ask you, “ Do you want to keep this as a credit on their account, give them a refund or apply it to an invoice?”.I’m going to choose, Apply it to an invoice and click OK. That’s the one you would click on if you wanted to go ahead and zero out the invoice and give them a refund.Notice, the bottom one is where you would go to use a credit to apply it to an invoice, which is what we’re going to do. The top one says, Use Credit to Give a Refund. ![]()
0 Comments
Leave a Reply. |
AuthorDavid ArchivesCategories |