Does anyone know how to use a bank account on a Vendor Credit? Debit: Accounts Payable account Credit: Bank account

Did they send you cash? usually the credit is applied to the payable balance

Hi @C_Billings, thanks for replying. No, actually it would be a Vendor Prepayment process, so I am paying a vendor for a service or product that he did not give me yet

There was just a string on this the other day...headed off to a call...ill check back later

if it’s rly a credit, it’s not cash, so it wouldn’t make sense to me to go to the bank account? cash could be a vendor refund?

@Jordan Sellers It is cash. How do you usually enter a vendor refund?

a million ways depending on what the company wants to do but best i have found is to just do a deposit

Awesome @Jordan Sellers, thank you very much! I think that is a good way to do that too, better than a simple journal entry. Really appreciate

no prob @Gustavo Doná! happy friday, have a great weekend 😉

Have a great weekend too, @Jordan Sellers;D