How to Import Credit Memos into QuickBooks Desktop?

January 1, 2025

Import Credit Memos into QuickBooks Desktop

Import Credit Card Statements from Supported File Formats directly into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #1 user rated and Intuit trusted bulk data automation tool built exclusively for QuickBooks.

SaasAnt Transactions (Desktop) supports QuickBooks Pro, Premier, Enterprise, and Accountant Editions.

You can download the free trial of the software directly from the SaasAnt Website. Follow this article for detailed installation instruction. You can easily import credit card transactions into QuickBooks Desktop.

Steps to Import Credit Memos into QuickBooks Desktop

Import Credit Memos from Supported File Formats directly into QuickBooks Desktop using SaasAnt Transactions (Desktop) - #1 user rated and Intuit trusted bulk data automation tool built exclusively for QuickBooks.

SaasAnt Transactions (Desktop) supports QuickBooks Pro, Premier, Enterprise, and Accountant Editions.

You can download the free trial of the software directly from the SaasAnt Website. Follow this article for detailed installation instruction.

Import Settings

Importing with SaasAnt Transaction is a breeze with our simplified and powerful Import wizard. Just follow a simple 3 step process to bulk import your file data to QuickBooks.

Click the Import button in the Dashboard screen or Import option from the File menu in the menubar to navigate to the File Selection screen of the Import Wizard(Step 1).

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  • Step 1 - File Selection: Select "QuickBooks Transaction Type" as "Credit Memo". "Select Your File" - You can either click "Browse File" to browse and select the file from the local computer folder or click "Sample Templates" to navigate to SaasAnt sample file locally. std65.png

  • Step 2 - Mapping: Set up the mapping of the file columns corresponding to QuickBooks fields. This step will be automated for you if you use the SaasAnt template file. Download Sample Template file. std62.png

  • Step 3 - Review & Import: Review your file data in the Review Grid screen and click "Send to QuickBooks" to upload your file data to QuickBooks. std63.png

More detailed instructions of the steps are available in this article.

Import Credit Memos into QuickBooks Desktop

Field Name

Format

Description

Credit memo no

Text (Max Length: 11 Characters)

Reference number for the transaction. By default, this value is used only for internal processing by SaasAnt Transactions (Desktop), and QuickBooks auto-generates a new value. This can be changed in the import settings.

Customer *

Reference Text (Max Length: 41 Characters)

Name of the customer for the transaction
Customer reference from below options.
Customer Look up Strategies with Import Settings- Full Name, First Name, Company Name, Account NO., Resale NO., Custom Field, Look up

Date

Date

Date of the transaction

Due date

Date

Due date of the transaction

Terms

Text (Max Length: 11 Characters)

Payment terms(Ex: Net 30, Net 15, etc., )

PO No

PO number of the transaction

Ship Date

Date

Shipping date of the transaction

Shipping Address Line 1

Text (Max Length: 41 Characters)

First line of the shipping address

Shipping Address Line 2

Text (Max Length: 41 Characters)

Second line of the shipping address

Shipping Address Line 3

Text (Max Length: 41 Characters)

Third line of the shipping address

Shipping Address Line 4

Text (Max Length: 41 Characters)

Fourth line of the shipping address

Shipping Address City

Text (Max Length: 31 Characters)

City of the address

Shipping Address State

Text (Max Length: 21 Characters)

State of the Address

Shipping Address Country

Text (Max Length: 41 Characters)

Country of the address

FOB

FOB

Billing Address Line 1

Text (Max Length: 41 Characters)

First line of the Billing address

Billing Address line 2

Text (Max Length: 41 Characters)

Second line of the billing address

Billing Address Line 3

Text (Max Length: 41 Characters)

Third line of the Billing address

Billing Address City

Text (Max Length: 31 Characters)

City of the Billing Address

Billing Address State

Text (Max Length: 21 Characters)

State of the Billing address

Billing Address postal code

Text (Max Length: 13 Characters)

Zip code

Billing Address Country

Text (Max Length: 1 Characters)

Country of the Billing Address

Shipping Method

Reference Text

Shipping via DHL, Federal Express, UPS, etc., 

Memo

Text (Max Length: 4095 Characters)

Internal note for the organization

Message to Customer

Text (Max Length: 4095 Characters)

A message to the customer. 

Class

Reference Text

Class for the whole transaction

Product/Service *

Reference Text

Product/Service (Or) Item of the transaction
Item reference from below options.
Item Look up Strategies with Import Settings- Full Name, Custom Field, Look up

Lot number

Reference Text

Lot number

Product/Service Inventory Site

Reference Text

Inventory site

Product/Service inventory bin

Reference Text

Reference to the Item BIN corresponding to the Site. Should be specified in the Site:BIN format.

Unit of Measure

Decimal

Unit measure

Product/Service quantity

Decimal

Quantity or no. of items of the transaction

Product/Service Rate **

Decimal

Per unit rate of the item in the transaction

Product/Service Amount *

Decimal

Total amount of the transaction

Product/Service Description

Text (Max Length: 4095 Characters)

Description of the items in the transaction

Product/Service Class

Reference Text

Class for each line of the transaction

Product/Service Tax code 

Reference Text

Tax code of the transaction

Product/Service Taxable

Boolean

Boolean values of True or false (OR) Taxable/Non Taxable

Customer Sales Tax code

Reference Text

Sales Tax Item

Reference Text

 Transaction Sales Tax Code

Currency Code

Text

Currency of the transaction(Ex: USD, CAD, EUR, etc. )

Exchange Rate

Decimal

Template

Reference Text

Template reference to this Credit Memo

 All (*) marked fields are mandatory. 

FAQ's

A host of powerful customisations for your file data is available with Import Settings. This is available in the  Step 3: Review & Import screen or directly under "Edit" Menu in the menubar. Some of the very useful settings for transaction includes:

  • Find Matching Transactions in QuickBooks by: Identifier to locate existing transactions in your QuickBooks.

  • Action When a Matched Transaction Found: If an existing transaction is found for the above setting identifier then the corresponding action to be taken. You can choose to Duplicate/ Ignore/ Update/ Append existing transaction in your QuickBooks.

  • Pre-Import Validation: Validate the complete file before importing to QuickBooks. By turning this setting ON, file rows will be imported only after cleaning up all the issues in file. This option however will delay the import.

More details about the settings related to Automatic creation of Items, Assigning reference number from the file, etc are available in this article.

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