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you record supplier credit quickbooks online

Non-Posting Entries in QBO Assignment Answers

Your question:

Which 3 types of entries can be made in QuickBooks Online that are classed as non-posting?
Delayed Charges
Timesheet Entries
Supplier Credits
Billable Expenses
Credit Card Credit

Assignment Help Answers with Step-by-Step Explanation:

In QuickBooks Online, non-posting entries are entries that do not directly affect your financial accounts or general ledger. These entries are typically used for tracking purposes or as placeholders. Here are three types of entries that are classed as non-posting:

  • Supplier Credits: When you receive a credit from a supplier, you record it as a supplier credit in QuickBooks Online. It can be applied to future expenses or used to offset accounts payable, so it does affect your financial accounts.

  • Credit Card Credit: When you receive a refund or credit from a credit card company, you record it as a credit card credit. This credit can be used to offset the outstanding balance on your credit card account, which does affect your financial accounts.

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