QuickBooks Credits and Discounts QuickTip

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:

  1. Choose Edit | Preferences from the QuickBooks menu bar.
  2. Select the Bills icon in the left pane. These options are in the Company Preferences tab.
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