How do I enter a credit, refund, or discount I received from a Supplier?

Legacy KB ID: 425

Question

How do I enter a credit, refund, or discount I received from a supplier?

Answer

If you receive credit from a vendor, you can enter the credit amount in the Enter Bills window:

  1. From the Reckon Accounts Vendors menu, choose Enter Bills.
  2. At the top of the Enter Bills window, select the Credit option.
  3. Enter the vendor's name and the amount of the credit.
  4. In the detail area, enter the expense accounts, customers, jobs, or classes to which you want to assign the credit. To assign a credit:

a. In the Account column, choose the account you use to track credit from vendors.

b. If you're assigning only part of the transaction amount to the credit, edit the amount Reckon Accounts enters in the Amount column.

c. If you plan to pass on the credit amount to a customer, enter the customer in the Customer:Job column.

d. If you track income and expenses by class, enter the appropriate class in the Class column.

e. Click Save & Close to record the credit.



Need more help?

Ask the Reckon Community at: https://community.reckon.com/

Or Log a Support Ticket: https://www.reckon.com/au/support/

How did we do?

Locating the Taxable Payments Annual Report electronic file

How to merge duplicate records in the Chart of Accounts, Items, Customers, Suppliers, Other Names Lists

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