Thank you for following up, Kristen_DBS.

I'd like to share some insights about vendor credits in QuickBooks Online.

Vendor credit is linked to your Accounts Payable account which only means it can be associated with a vendor bill.

That being said, to track credits for your vendors, you should consider entering bills in QuickBooks. This way, you can track your account balance and credits using Accounts Payable. Otherwise, you can add and use notes to remind yourself about this credit in the future.

Get back to me if you still have other follow up questions about vendor credit. Have a nice day!