Supplier refund
QuickBooks UK : Pro 2012how do I receive a refund of an overpayment to a supplier in QB Pro 2012
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01/30/12 1:16pm PST
Viewed by asker 02/13/12 12:08am PST
Viewed by asker 02/13/12 12:08am PST
4 Replies
02/10/12 9:36pm PST
You just reverse the entry of transaction, when paybills to the supplier the entry for it is debit accounts payable and credit the bank accont your using to pay for it. So if theres a refund, go to the Journal Entry , you just credit the accounts payable with supplier on the name and debit the account where the refund deposited.
02/11/12 1:34am PST
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Thank you for your reply, but I have already got over my situation.
CountryMusicMom
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02/10/12 11:07pm PST
The solution
There should be a credit for the supplier entered in QuickBooks first.
You deposit the cheque and use the supplier name and Accounts Payable as the account.
Go to pay bills. Find the "bill" (Deposit) make it to be paid and apply the credit.\
I suggest using the appropriate entry windows and only use Journal Entries for year end adjusting entries from your accountant.
