QuickBooks is one of a kind software that helps you in doing accounts related entries with just a click. This software allows you in easy maintenance and organization of vendor, customer details, payrolls, inventory and much more. But in a certain situation, you don’t want a credit entry, you can anytime reverse it. If you don’t know how to do so, then try taking help from QuickBooks technical support, where the trained technicians will help you to sort out the issue in no time.
QuickBooks uses credit memos when a customer gets a refund for a product or service and receives store credits. These credits appear in the account receivable register within the customer center. These memos increase the available credit o the customer’s account. You can reverse them anytime you want. It will reduce the available credit but still appear in the transaction history for further reference purposes.
You can try the undermentioned troubleshooting steps to solve the issue on your own. It will make you learn about the settings related to the software so that in future you can try such solutions on your own.
Reversing the credit in QuickBooks
- First, open your QuickBooks software
- Locate the appropriate credit memo
- Now, press Ctrl+H to display the history of your activities
- Double click the invoice
- Click Apply credits
- On the previously applied credits window, clear the selection of credit
- On the new apply credits window, click done
- On the invoice, click Save and Close
It is an advantage to edit or reverse any of your prior entries from the application’s main interface. It allows you to rectify any possible mistake done in previous time. This software makes the task of accounting much manageable for any of the busy accountant or entrepreneur. It allows multi-user mode for user convenience.
While doing the troubleshooting steps to reverse the credit in the software, if you confront any troubles, then it is advised to take instant help from the QuickBooks customer service that stays available for the resolution of customer queries round the clock.
Source URL: How to reverse a credit in QuickBooks
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