How to move credit from one job to another

Jun 15, 2005 1 Replies

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S Richardson 21 years ago

I am using QB Premier 2004

A few months ago I issued a credit for part of an invoice on one job (job a)

I now need to use this credit to pay part of an invoice on another job (job B)

I went to the payment window for the customer at the highest level and it shows the credit in the bottom right hand corner But when I try to use the "set credit" function the credit does not appear in the pop-up window for me to select.

Can anybody tell me how I do this please?

Thanks

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!-! 21 years ago

You can apply a customer payment to multiple jobs, but a credit can be applied only to one specific job. Transferring a credit takes 2 steps and is (I think) easier if you create a "bank" account called something like "Transfer Clearing".

Write a check from Transfer/Clearing to the Customer/Job with the credit, then apply the credit against the check.
Record a payment for Job B "deposited" to Transfer/Clearing.

Some prefer to use journal entries rather than check and payment, in which case your Transfer/Clearing account can be any type, not necessarily a "bank".

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