Unapply A Credit In QuickBooks | All You Need To Know

 If you own a business and operate your business accounting using QuickBooks application, then you must know how to unapply a credit in QuickBooks Desktop. In QuickBooks, users can create and send invoices to the customers. However, if a customer makes overpayment for an invoice, in this condition, QuickBooks automatically adjust this extra money as a credit to the customers. In this post, we will discuss how to unapply a credit in QuickBooks in easy steps.

Not sure how to unapply a credit in QuickBooks? Give us a call on our QuickBooks error helpline number (800)-417-5147 and get all your queries answered by experienced QB professionals.

Steps To Unapply A Credit In QuickBooks

There are different ways to unapply a credit in QuickBooks application when QuickBooks automatically adjusts an overpaid invoice as credit. You can just ask your customer about the same before you before any further. In the first place, you will need to find the credit memo.

How To Find A Credit Memo In QuickBooks?

Before we discuss how to unapply a payment in QuickBooks, follow the steps to find a credit memo:

· First of all, you need to launch the QuickBooks application.

· Once you are done, select Customers and Receivables from under the Report tab.

· The next thing you see must be a drop-down menu where you need to select the Transaction List by Customer.

· Now hit on the Customize Report option and then move to the Filters tab.

· In the search area, type, Transaction Type to move ahead.

· Hit on the Transaction Type and select Credit Memo from the drop-down list.

· Click OK to end the task, and you are now able to see all Credit Memos that you have in QuickBooks Desktop.

Different Ways To Unapply A Credit In QuickBooks?

There are different ways on how to clear credit memo in QuickBooks as stated in the below-given list:

1. In the first method, you can refund the overpaid amount by creating credit in QuickBooks.

2. Alternatively, you can get the task done by creating a Journal Entry to write off the overpaid amount.

3. Besides, you can also apply the credit to an unpaid invoice to unapply a credit in QuickBooks.

4. Lastly, you can apply the credit to the next invoice that the customer needs to pay.

You may unapply a credit in QuickBooks using any of the procedures listed in this section.

Need Professional Assistance?

The solutions described in this article can help you to understand where is the previously applied credits window in QuickBooks? If you need more help from QB experts, give us a call on our QuickBooks error helpline number (800)-417-5147. On connecting, you can unapply a credit in QuickBooks without any technical difficulty.