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In accounting, the deduction of a payment made by a debtor from an amount due. In the General Journal Entry window, you enter credits in the Credit column.
An example would be if the electric company gave your business a $50 credit off your bill (instead of a $500 bill, you would have a $450 bill).
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Does Quickbooks automate billing?
Yes, automated credit card billing is available for the 2008 Quickbooks and newer. This will allow for automatic charging of a customer's credit card.
How do you change a customer to a vendor in QuickBooks?
You cannot change an account type from customer to vendor. You need to create a new vendor using a slightly different name than the one you use for the customer account.
How does Quickbooks help with credit card payment processing?
The computer software program QuickBooks helps with businesses with credit cards processing by allowing the business to receive credit card payments from customers through Intuit Merchant Services, which will then be recorded in the business's QuickBooks program as the payments having been made.
Is a Credit balance in vendor subsidiary account is an unpaid balance?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
What are the forms in quickbooks?
Quickbooks forms include sales receipts, purchase orders, invoices, statements, credit memos, estimates, and sales orders.
Does Quickbooks automate billing?
Yes, automated credit card billing is available for the 2008 Quickbooks and newer. This will allow for automatic charging of a customer's credit card.
How do you change a customer to a vendor in QuickBooks?
You cannot change an account type from customer to vendor. You need to create a new vendor using a slightly different name than the one you use for the customer account.
How does Quickbooks help with credit card payment processing?
The computer software program QuickBooks helps with businesses with credit cards processing by allowing the business to receive credit card payments from customers through Intuit Merchant Services, which will then be recorded in the business's QuickBooks program as the payments having been made.
Is a Credit balance in vendor subsidiary account is an unpaid balance?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
What are the forms in quickbooks?
Quickbooks forms include sales receipts, purchase orders, invoices, statements, credit memos, estimates, and sales orders.
What does alternate tender mean for a credit card transaction?
An alternate tender means for a credit card means a vendor or purchaser presents an alternate form of payment.
What account is debited when a company returns merchandise to a vendor on credit?
credit
Is a credit balance in a vendor subsidiary account is an unpaid balance owed.?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account is an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
Is a credit balance in a vendor subsidiary account an unpaid balance owed?
What is the journal entry to correct a payment of a bill which was paid to another vendor in error?
[Debit] Correct Vendor [Credit] Wrong Vendor Only Vendor accounts will be adjusted as cash or bank account is already charged correctly.
How do you delete vendors on quickbooks?
1. Click on Vendors 2. Open the Vendor Center 3. Right-click the vendor you want to delete 4. Select Delete Note -you can only do this if the vendor has no transactions assigned to it. If it does, you can right-click it and choose "make inactive" instead.
