Selection from QuickBooks 2016: The Missing Manual [Book]. Pledges, and other nonprofit terms, but QuickBooks Pro and other Premier. Be frugal with names by creating one customer or vendor to represent many. But that shortcut comes at a price: If customers haven't paid, then you might have a hard time collecting.

A frequently asked question: How do I record a refund received from a vendor in QuickBooks? I deposited this refund into my bank account. The deposit window can be used to record any funds received for deposit including refunds, but it doesn't include an item column for inventory and units on hand tracking purposes, and doesn't include a customer / job column for job costing purposes.

Also, if you've previously entered a bill credit to account for the inventory, making an entry in the deposit window using the associated expense account will not be applied against the vendor account, leaving the credit on the account unapplied. The Solutions: (Skip to the bottom of this page for a video tutorial) Option 1. If you're not using QuickBooks to track job costing, AND aren't using items to track on hand quantities for inventory tracking purposes, AND are on the cash basis of accounting for reporting purposes, just use the deposit window to record the refund.

Note the vendor name in the 'Received From' column and use the expense account that was used on the original bill or check. If you plan to use this option, be sure you understand the reporting implications or check with your accountant if needed. If you think we could help too. Did this really help somebody? I am using option 2 and the thing I need to know is which account to assign the item to. There is no mention of the item account. I am trying to deposit a surplus credit cheque.

Its a refund from WCB, I guess it was a great year last year. Anyway when I create the item (surplus credit) I use non inventory item but then it requires an account.

Accounts payable is not an option, only job income and job cost. Would this be considered job income?

Excel for mac why does macro no complete download. Issue Excel in macro file not working i try to open macro file but msg open read only file. Macros enable but all time show message pop please enable macros to use the macro utility I am an unpaid volunteer and do not work for Microsoft. 'Independent Advisors' work for contractors hired by Microsoft.

Ok I gave it a shot with item set up in a job income account. Did step 2 no problem then did step three ad described now I have no credit left in the bill pay window so the zero thing worked there but the credit is still in the account. Hi I am having an issue with refunding a customer without a credit from a vendor so that the refund will be applied to the job costing correctly. A vendor’s invoice was applied to the job costing for Customer A Billed Customer A by applying items that had been coded to the job Realized the vendors invoice should have been charged to Customer B and not Customer A Credited Customer A Charged Customer B Tried to create a credit memo/refund for customer A but unless I enter the item cost code manually, it won’t link to the transaction. Any idea how to credit the invoice properly so that Customer A’s job costing report will be linked properly to the refunds?