How To Record Credit Memos in QuickBooks

Customers occasionally purchase items or products they need to return sometimes. If a customer returns items or if an error occurred during billing, you can issue a credit memo to correct the customer's open balance. Credit memos have the opposite outcome of invoices and create a negative balance on the account. You can automatically create credit memos to open invoices. A pop-up message informs you if the customer has an unpaid balance. When you enter a credit memo for a customer with an unpaid statement, you can apply it to the unpaid invoice, retain it as a credit on the account, or issue a refund. You can use your credit memo to provide your customers a credit. If you don’t know how to Record Credit Memos in QuickBooks, can read out this blog. You will see the entire steps over here at an easier form. Benefits Of Credit Memo: It is used to return a product that your customer already paid Credit amount can be issued as a refund in your customer account ...