Not quite sure what the correct process is here... QB mac2019 user.
Scenario using arbitrary number :
- I purchased a product from a vendor for $1000 --> paid bill via CC
- Sold item to a customer for $1200 --> paid and deposited into our bank
- Fifteen days later the customer returns the item --> we issued a refund and the item is back in stock here (got that part figured out)
- Now, the vendor is going to take the item back and issue us a full refund, how do we record this? We need to remove the item from stock and post the refund to the CC account.
Thanks!
