How Do I Enter Credits?

To enter a vendor credit:

1.   Open the Enter Credits screen from the Accounting menu.

2.   On the Expenses tab, select the Vendor ID from the drop-down list.

3.   Next, choose the Date when the credit was given.

4.   In the Reference field, enter the vendor’s credit memo number (if one exists).

5.   Optionally, enter a Memo to record anything specific for this credit transaction.

6.   In the grid, assign an Account and Amount for the credit provided.

7.   Select a Project ID associated with this credit transaction.

8.   When you have finished, click Save.

 When you enter vendor credits, BillQuick Online debits the accounts payable account and credits the expense account by that amount.