QuickBooks uses credit memos when a customer gets a refund for a product or service and receives store credit. These credits appear in the Accounts Receivable register within the Customer Center.

QuickBooks tracks your customer account activity including pending orders, completed sales and returns. When a customer pays on account, the balance is managed within the QuickBooks application. When ...

Credit means different things depending on its context. For example, the amount available to borrow from a vendor. A credit in accounting is a journal entry with the ability to decrease an asset or ...