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  1. Open the account that you use to track this vendor's transactions.
  2. Click  (the Account Actions icon), 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.


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