How do I enter credit from a vendor?

Product Version
Windows 2017


Sometimes you receive credit from a vendor for returned goods or to compensate for a billing error. To record this type of transaction, enter a credit.

Quicken provides a credit form on which you can enter the credit as a separate transaction in the accounts payable register. After you enter the credit, you can apply it to your bill, thus reducing the total amount of the bill.


  1. Open the account that you use to track this vendor's transactions.
  2. Click the Account Actions gear icon in the upper right, and then choose New Credit.
  3. In the Credit form, select or enter the vendor name at the top of the form.
  4. Click Assign Project/Job to display the Select Project/Job dialog box. Here you can select the project/job for which you purchased goods or services from the vendor you need to pay. If you need to create a new project/job, click New and fill out the New Project/Job dialog box. (Optional)
  5. In the line item area, enter the expense category and the amount of the credit.
  6. Click Save. Quicken enters the credit in the accounts payable register, which reduces the amount you owe the vendor. The next time you make a payment to this vendor, you can select the Apply Existing Credits check box to have Quicken apply the credit to the bill.

What are existing credits?

Existing Credits for a customer consist of any amounts from transactions that resulted in credit to the customer, such as an overpayment or a credit memo.

This feature requires Quicken Home & Business or Rental Property Manager. Learn how you can upgrade Quicken in minutes.


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