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Buy nowI did the whole Bank Deposit/Vendor Credit and the are linked. To help reproduce the error for you bug report here is what happened.
1) Client ordered several items totaling about $3000. Bill and Bill Payment to the vendor was all done fine and properly recorded.
2) 2 months later items arrived and one was damaged and needed to be returned. Client opted to not chose another item and get a refund. Vendor issued refund for $65 and a deposit was made to out bank.
3) Entered bank deposit per QBO instructions, categorized as AP.
4) Entered Vendor Credit, Did Pay Bills and "Paid" by linking to the deposit.
In my PnL Unapplied Cash Payment Expense says 0.00 but has both the $65 deposit and $65 vendor credit. This has nothing to do with a Bill or Bill Payment. However, when I look at the Vendor transaction log I can see QBO internally generated a Bill Payment to link the Deposit and Vendor Credit. Apparently it didn't generate an internal Bill to match. I can't create one manually and I think that is why it's putting all these things into Unapplied--due to an internal QBO error.
I've never understood why a cash or credit from a vendor has a different workflow than when they issue a credit on a credit card transaction. It's essentially the same process but made over complicated when it involves cash.