How To Register A Refund In Quickbooks

In the account drop down menu select the account where you got the refund.

How to register a refund in quickbooks. Select the vendor who gave you a refund. Select an invoice you want to apply this credit to. Go to enter bills. You can issue the refund in cash a check or on a credit card. Select the radio button that says credit.

Go to the deposit screen in the received from field enter the vendor name. Retain as an available credit. Quickbooks online refunds from vendors for checks and cash expenses duration. To refund the money select give a refund and click ok. If you select a bank account qbo lists the bank account s current balance and the next check number associated with the account.

Memo and amount as usual then save and close. The refund check has now been entered in the checking register ready to be printed. If everything is correct click ok. Next you need to enter a bill credit from the bills screen. If you want click the print later check box.

Input the credit transaction information. In the example the customer isn t returning any items so the refunds allowances service was selected. Quickbooks opens the apply credit to invoices window. Apply to an invoice. Issuing a refund check.

Select a payment method and an account. How do i enter a credit card refund in quickbooks. You ll see the receive payments window. Select customers and then receive payments. Quickbooks gst return duration.