How Can I Create Credit Memo in QuickBooks?

For transferring credit to customers, it is important to create a credit memo in QuickBooks. If some customer returns items or in case some error appears while billing a client, users should create a credit memo in order to adjust the open balance of the customer. Credit memos are just the opposite of invoices and they also create a negative account balance.

What is Credit Memo in QuickBooks?

Credit memo connotes a credit that can be implemented to an open invoice. It is tantamount to returning the item and acquiring in-store credit. QuickBooks offers its users the leverage to create Credit memo for facilitating the transfer of credit to customers.

Walkthrough to Create Credit Memo in QuickBooks Online

• At first, log in to the QuickBooks online account by providing correct credentials.

• Hit on the plus icon at the top.

• Pick the credit memo option.

• Choose the customer name for which you wish to create a memo.

• Add Credit memo date

• Provide all the required information

• Hit on the save and close options.

• Upon saving the details, the credit memo will be created successfully.

Procedure to Create Credit Memo in QuickBooks Desktop

• Run QuickBooks desktop as an administrator.

• Got to the customer menu.

• Hit on the Create credit memos/refunds tab

• Opt for the customer using the job dropdown

• Add the returned items in the line-item section

• Hit on the save and close tab.

The current article enumerated different methods to create a credit memo in QuickBooks. If you have any queries, or face any technical hurdles, or want to contact our data repair team, just give us a call at the helpline number +1-800-615-2347.