In the Available Credits section, mark the check you created, then select Done.From the Received from the drop-down, select the Customer.Lastly, to avoid getting open credit memos and unapplied refund checks, let's link the credit memo to the check. Enter the amount of the refund and the name of the customer.Choose Accounts Receivable in the Account column.In the section for Memo, enter the Credit Memo numbers.Type in the total amount of the refund or credit.Enter the name of the customer in the Pay to the Order of.Choose the Bank account where the check will be posted.Thank you for clarifying your concern, can write a check to apply the credit as a refund. Just mention my name and I'll get back to you. Let me know if there's anything else I can help you today. This is to ensure your records on the account is accurate. He/She might have specific instructions on how to handle journal entries and credits. Upon sharing this, I still suggest consulting your accountant. This account is used to move money from one account to another account when you cannot move the money directly.įor more details, feel free to read through this handy article: Set up a clearing account. Once done, you can go back and check the Transactions tab to see the new open balance.Īnother way of managing customers and accounts receivable is to set up a clearing account. ![]() Click Save & Close again to exit the Create Invoices window. ![]()
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