Add a Credit

In MakersHub, you process vendor credits just as you would a bill. When a bill is approved with a negative amount, MakersHub will recognize it as a credit and create the entry on your behalf in QuickBooks.

Input a Credit Memo:

In MakersHub, there are three ways to input a credit memo:

1. Upload a Credit Memo

2. Manually Create a Credit Memo

3. Import a Credit Memo

Upload a Credit Memo

If you received a credit memo,  you can upload it in the bills tab just as you would a bill.

MakersHub will then extract the contents.

Confirm that the total is a negative value. If the credit memo is written with a positive total, you can Apply a Multiplier of -1 to make the values negative.

Vendor Credits Must Be Negative

Confirm that the total is a negative value. If the credit memo is written with a positive total, you can Apply a Multiplier of -1 to make the total negative.

Once approved, MakersHub will create a Vendor Credit on your behalf in QuickBooks. This credit can also be applied when processing payments in MakersHub.

Manually Create a Credit Memo

Navigate to the Bills tab and click Action>Manually Add a Bill.

Enter the Supplier Name. Then add the Credit Number under Invoice No. Add the Invoice Date, Due Date, and Amount. Ensure the amount is negative.

MakersHub will then create a bill with a negative amount in your bills tab.

Import a Credit Memo

If you created the credit memo in QuickBooks, you can import the credit into MakersHub by selecting Action>Import from QuickBooks.

Next to type, you will select Vendor Credits.

MakersHub will then show you all of your outstanding in QuickBooks which you can import into MakersHub.

Apply a Credit to a Payment

Once a credit has been been approved, it will move over to the Accounts Payable tab and appear in green with a negative balance.

When you are ready to make a payment and have a positive open balance for the vendor, you can select the bills and schedule payment. MakersHub will reduce the Total Payment by the credit amount and share the credit note on the remittance details.