Today, we will uncover and discuss in detail the process involved to unapply a credit in QuickBooks. QB is a great software tool to carry out every major accounting need to run a business and its daily-to-daily operations. It has a vast following in the middle to small-sized enterprises owing to its automated features. Still, most of its users are unknown to its full potential as a proper office suite. However, let’s get back to the topic below.
If you need to unapply a credit in QuickBooks, you may have to follow through with a technical procedure requiring some external assistance. Call on the (855)-526-5749 and get immediate support from a QB expert anytime.
When do we have to unapply a credit in QuickBooks?
When the customers accidentally overpay the owed amount, or the payment is recorded twice from your end into QuickBooks. The over-payment must be corrected through measures discussed below.
Where is the applied credits button in QuickBooks?
Before moving on how to delete unused credits in QuickBooks, we have to locate the credit memos in QuickBooks. Follow the steps below to find it
- Open QuickBooks and click on the Reports tab.
- Select Customer and Receivables and choose Transaction List by Customers.
- Click on the Customize Report and head over to the Filters tab.
- Under the Choose Filter search box, enter Transaction Type.
- Choose a Credit Memo from the Transaction Type drop-down.
How to unapply a credit memo from a vendor bill in QuickBooks?
Below are mentioned the steps to clear a credit memo via the bill.
- Under the Vendor Credit list, select the Vendor you want to clear the memo of.
- Change the transaction type by selecting a Credit radio button.
- Click on Yes for transaction change confirmation.
How to remove a credit from an invoice in QuickBooks Online?
Given are the steps to delete a credit in QuickBooks Online.
- Press Ctrl + H keys on the keyboard to display the transaction history.
- At the invoice, double-click and choose Apply Credits.
- On the Previously Applied Credits window, clear the credit.
- Select Done.
- On the invoice, click on Save and Close.
Finally, we would like to end our blog on the steps to unapply a credit in QuickBooks. We hope that the systematic steps mentioned in the article are easy to understand and resolves all your queries on the feature. However, if you still require additional help, call on the (855)-526-5749 anytime.
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