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Payments
Hello there, KaiKai.
You've reached the right support. Let me guide you on how to handle customer refunds in QuickBooks Desktop.
Since you're trying to issue a refund from a credit card account, you'll need to set up a Clearing Account first. Then, you'll use this account when you issue a refund. I'd be happy to share the steps on how to do it.
Here's how:
- Go to the Lists menu.
- Select Chart of Accounts.
- Right click anywhere in the Chart of Accounts, then select New.
- In the Add New Account window, select the Bank radio button.
- Select Continue.
- In the Account Name field, enter Clearing Account or Wash Account.
- Do NOT enter an opening balance.
- Click Save & Close.
For additional information about how clearing account works in QuickBooks, please check out this article: Set up a clearing account.
Now you can use the Clearing Account as your Account from the Issue a Refund window. I've attached a screenshot for your reference.
Once done, you'll want to transfer the refund amount from your credit card directly to the correct bank through the Transfer Funds option.
Here's how:
- Go to Banking.
- Choose Transfer Funds.
- Enter other necessary information.
- Click Save & Close.
That should point you to the right direction. If you need further help while working with customer refunds, feel free to reach back to me. I'm always happy to help.