How to Refund Quickbooks Customer Credit

Customer credits happen for a lot of reasons but usually it's because a customer overpays an invoice. If you leave it as a credit on their account it hangs out there as a Quickbooks credit until it's used or you refund it. But how do you refund Quickbooks customer credit when it just sits there? There's no obvious way!!

This video shows you how to refund Quickbooks customer credit when it's just hanging out there so you can clean up your accounts receivable aging schedule!

[QbuniversityOrg]

- feel free to leave a comment or question here!

[Trice]

Great video. Very straight forward. What’s the point of the refunds/credits icon on the Home Screen if it just creates a new memo/balance for the outstanding balance you’re trying to refund? Makes more sense to just use your method.

[DoubleMLLC]

Hello, love your classes!! I need to refund my customer a County "Sales Tax" I charged by accident. How do I credit a Liability account? Like to have it at 0

[michaelslavin]

Hi. Great videos.
So I just received an overpayment from a client and left it as a credit.
There will be other invoices in the very near future. How will I apply that credit to the next invoice ? I use desktop 2020. Thanks.

[grahamtaylor]

How about small overpayments of a few cents. Customer is invoiced $1000.00 mistakedly pays $1000.10. Can the 10c be assigned to an "other income" account? (what's the procedure)

[DJ-jjpu]

But then it puts in the payment side in the bank reconciliation.

[charlest]

yeah but the credit memo still show in the open balance report

[princessgucci]

Hi, how can I get a hold of you for month end closing

[kayannhowardmckay]

how do I get an old credit to 0, I have tried petty cash, prior years? not current

[osamiimahii]

How much you're certificate fees of QuickBooks?

[jackiefenner]

How to you pay a customer credit via credit card?

[gabrielchristopher]

Good day sir, Please sir, i bought the following:
(1) Laptop Ram
(2) Canon Passport Printer machine
(3) Computer VGA cables
(4) Laptop casing to change the old casing of my business laptop.

I want to write a cheque for these expenses. Is there anyone on the list above that i need to record as Fixed Asset or is it everything on the list that i will record under the Expense account?

Thank you sir in anticipation.

[fergusonexteriors]

Dude I stopped watching this get to the point man geez

[FrankieO-mjkx]

Hi, I have been binge watching your videos trying to find my problem :( I am using QuickBooks desktop 2021, all my expenses are going to unclassified when I view my P/L report. The only change I've done was just started using Intuit merchant beginning this month. I spoke with QB support they said I need to upgrade. I would love your opinion/feedback :) Also, I have gained much more knowledge on using QB by watching your videos. I wish I can start QB all over.