Paying Bills in QuickBooks with Credits and Discounts
If you have money due you from a vendor (for overpayment of a previous bill, a return of items, or any other reason) QuickBooks can apply a credit to be used the next time you pay that vendor automatically. If a vendor is giving you a discount, QuickBooks can deduct the discount amount automatically from your payment. To use discounts and credits automatically when paying bills:
- Choose Edit | Preferences from the QuickBooks menu bar.
- Select the Bills icon in the left pane. These options are in the Company Preferences tab.