and Memo fields: I have a vendor who issues credits via ACH. Credits are not applied to bills, but rather deposited into my bank account. How do I record this properly?
Here’s how you can record a vendor credits and refunds.
Before going through this process, make sure the vendor credit is already entered; please see this article, Entering a vendor credit.
First, if it is not already input into QBO, enter the vendor refund check in the Deposits screen.
- Choose Plus Sign (+) > Bank Deposits.
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Resolution for 'and Memo fields issue: 'I have a vendor who issues credits via ACH. Credits are not applied to bills, but rather deposited into my bank account. How do I record this properly?' available: Yes.
The and Memo fields issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the and Memo fields issue yourself by looking for a resolution described in the article. If it is a complex and Memo fields issue or you are unable to solve the issue, you may contact us by clicking here or by using other and Memo fields support options.
For more information about resolving issues related to and Memo fields in Quickbooks/QBO or to get support for the issue 'I have a vendor who issues credits via ACH. Credits are not applied to bills, but rather deposited into my bank account. How do I record this properly?', click the link below: