Customers and vendors, as well as the related transactions, are separate from each other in Quick, and books. That means there isn’t a way to apply a vendor credit to a customer invoice. Read the manage supplier credits article to learn more.
Can a vendor be a customer in quickbooks?
Yes, you can use the Vendor field to reconcile transactions, Sbeara11. A vendor in Quick. Books Online is a person or business who sells products or provides services. On the other hand, a customer is a person who pays for your products and services.
Can a vendor also be a customer?
The customer name has to be (slightly) different from the vendor name – all names have to be unique, even f they are a different type. November 12, 2020 06:08 PM I have a customer who is also a vendor. How to I apply a vendor credit to a customer invoice with Quickbooks Online Seems a bit ridiculous that a Vendor can’t be a Customer.
How do I create a vendor/customer with the same name?
Keep in mind, however, that Quickbooks doesn’t allow users to create vendors and customers with the exact same name. Therefore, you’ll have to use a variation of the vendor/customer’s name, unless of course you made this person inactive. One idea is to simply use the vendor’s name with the added suffix “customer.”.
How do I merge a vendor and customer account?
Keep in mind that merging is not reversible, so make sure it’s something you want to accomplish before proceeding. To merge a vendor and customer’s account into one, click the Gear icon > Chart of Accounts > and click the name that you wish to keep and select Edit.
Another frequent inquiry is “How do I apply a vendor credit to a customer invoice?”.
How to I apply a vendor credit to a customer invoice with Quickbooks Online I can help you sort out these transactions. Customers and vendors, as well as the related transactions, are separate from each other in Quick, and books. That means there isn’t a way to apply a vendor credit to a customer invoice.
How to link customer transactions with vendor transactions?
As LauraAB said – you cant direclty link customer and vendor transactions. Instead use a manual bank account for “offset+clearing“, then record a customer payment (or sales receipt) IN and a vendor bill payment (or check disbursement) OUT in equal amounts thru this bank account.