Do you use QuickBooks and need details on outstanding debt? What is Delayed Credit in Quickbooks? comprehensible and easily defined A credit is deemed a delayed credit if it is applied to a later accounting period. Money was either spent or money was made. The delayed credit function in QuickBooks allows users to decide whether a credit is a current liability or an asset linked to inventory. If the asset is an inventory asset, the credit account will be a Cost of Goods Sold account and the creditor account will be Inventory. The creditor account will be financial rather than inventory if the debt is current.
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