How To Register A Refund In Quickbooks

Next you need to enter a bill credit from the bills screen.

How to register a refund in quickbooks. Select credit card credit in the vendors column. How do i enter a credit card refund in quickbooks. If you select a bank account qbo lists the bank account s current balance and the next check number associated with the account. Quickbooks opens the apply credit to invoices window. Go to the deposit screen in the received from field enter the vendor name.

Then in from account field here you put accounts payable. To refund the money select give a refund and click ok. In the add funds to this deposit section fill out the following fields. Enter the amount of the refund credit amount and use the account you originally used for the purchase. In the example the customer isn t returning any items so the refunds allowances service was selected.

Select an invoice you want to apply this credit to. In the account drop down menu select the account where you got the refund. If everything is correct click ok. Issuing a refund check. You can issue the refund in cash a check or on a credit card.

Select the vendor who gave you a refund. Select a payment method and an account. Quickbooks online refunds from vendors for checks and cash expenses duration. The refund check has now been entered in the checking register ready to be printed. Memo and amount as usual then save and close.

Select customers and then receive payments. You ll see the receive payments window. Click save and close. Quickbooks gst return duration. You can register a new refund via credit memo using the create credit memos refunds window which is accessed via the customers menu.