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Vendor refund

Earlier this summer I exchanged merchandise to a vendor that was paid for and received alternate merchandise that cost less than originally paid, thus I had a credit with the vendor. I entered this into quickbooks by entering a "credit" for the amount of the merch returned giving me a credit for the full amount then "purchased" the new merchande with part of the credit...all was well. I have since made several purchases from this vendor, each time QB lowered that credit amount...perfect. Now the problem, the vendor sent me a check for the remaining credit balance. How do I record this payment? Since QB doesn't have a register for vendors I am at a loss. Should I make a GJ entry or perhaps from the 'Make Deposits' window? but what accounts do I charge it off to?

Reply to
Jimmy Stewart
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Use the Make Deposits window. The Received From column should be filed with the vendor's name, the From Account is Accounts Payable. Enter the amount of the check received.

Then go into Pay Bills and select the deposit recorded for that vendor. Then apply the credit remaining for the vendor. This will clear the credit off of the vendor ledger.

Reply to
Laura

Thanks.

Reply to
Jimmy Stewart

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