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Unapply A Credit in QuickBooks By Applying Suitable Steps

Posted by jonessofia247 on August 12th, 2020

QuickBooks enables its users to create and send invoices to their customers. However, if a customer makes overpayment for an invoice, QuickBooks automatically applies the credit to an overpaid invoice. There are several ways to unapply a credit in QuickBooks application. You can discuss the most suitable way to get it done and proceed further with the steps to complete the task. Follow this comprehensive article until the end to unapply a credit in QuickBooks application.

How to Unapply Credit In QuickBooks?

When QuickBooks automatically applies credit to an overpaid invoice, you may need to unapply a credit in QuickBooks application. In QuickBooks, you can complete this task mainly in four ways. However, it is better to discuss it with your customer about the most suitable way to unapply the credit. No matter which method you prefer, you need to find the credit memos in QuickBooks application to start the procedure:

Find Credit Memos in QuickBooks

To find the credit memos in QuickBooks, you can perform the below-stated steps:

  •  First of all, you need to open the QuickBooks application.
  •  Next, you need to select Customers and Receivables located below the Report tab.
  •  After that, select the Transaction List by Customer from the new drop-down list.
  •  Once you are done, click on the Customize Report option and move to the Filters tab.
  •  Moving ahead, type “Transaction Type” in the Choose Filter search area.
  •  Hit Transaction Type and then select Credit Memo from the drop-down menu.
  •  Hit OK, and all Credit Memos that you have in QuickBooks Desktop will appear on the screen.

Different Procedures To Unapply A Credit In QuickBooks Desktop

After locating the credit memos in the QuickBooks Desktop application, you can use any of the below-given methods to unapply a credit in QuickBooks Desktop application:

  •  Create a credit and refund the extra amount paid by the customer.
  •  Alternatively, you can write off the amount by creating a Journal Entry.
  •  Besides, you may apply the credit to the next invoice that the customer needs to pay.
  •  Also, you can apply the credit to an unpaid invoice.

You can unapply a credit in QuickBooks Desktop using any of these methods, whichever you find the most suitable. Once you made your mind about the right way to unapply a credit in QB, you can perform the relevant steps to get the task accomplished.

How to Unapply a Credit in QuickBooks Invoice?

If you want to unapply a credit in QuickBooks Desktop but not sure how to get it done correctly, follow the below-given steps:

  •  From within the Credit Memo list, double-click the invoice you want to modify.
  •  Next, click on Apply Credit and remove the selected credits from the Previously Applied Credits screen.
  •  After that, on the Apply Credit screen, hit on Done button.
  •  Now click Save & Close to get the job done.

How to Unapply Credit from Bill in QuickBooks?

To unapply a credit in QuickBooks from the bill, perform the below-given set of steps:

  •  First of all, select the right vendor from the Vendor Credit list.
  •  After that, click on the radio button for Credit to change the transaction type.
  •   Next, click Save and Close to apply the changes.
  •  Again, mark the radio button to change the transaction type.
  •  Click Yes to finish.

Now that you have seen the steps to unapply a credit in QuickBooks from bills, move to the next technique.

How to Delete Credit from an Invoice in QBO?

If you want to delete a credit from an invoice in QuickBooks Online, you need to locate and open the invoice in the first place to start the procedure. Next, you need to select the invoice link and then click Done on the Apply Credit screen. When you are able to see the invoice window, click Save and Close to complete the procedure.

Having Technical Unease?

The techniques described in this article can help you on how to unapply a credit in QuickBooks Desktop. However, if you are still thinking about how do I unapply a credit in QuickBooks, don’t hesitate in dialing our QuickBooks error helpline number. On connecting, you can get comprehensive assistance to unapply a credit in QuickBooks Desktop application.

Also See: Quickbooks Desktop, Quickbooks Application, Credit Memos, Desktop Application, Unapply, Quickbooks, Invoice

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