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I appreciate you for adding your first post here in the Community, Steph. I can guide you on how to record a refund from your expense purchase in QuickBooks Online (QBO).
Usually, you can start to enter a Supplier credit from the +New icon. This ensures that the refund or credit amount hits the expense account you use for this supplier.
Here's how:
Once done, deposit the amount you got from the refund.
After that, you're now ready to use pay bills to connect your the bank deposit to the supplier credit.
To learn more about handling supplier's refunds in QBO, you can open this article: Handle supplier credits and refunds in QuickBooks Online.
Just in case you need help with tracking customer refunds in the future, you can use this link as your reference: Record a customer refund in QuickBooks Online.
If you have any other questions about recording refunds, let me know by adding a comment below. I'm more than happy to help. Keep safe!
Hi Angela,
Thank you, but that is not useful information my QuickBooks Online. When I try to create a supplier credit, it prompts me to upgrade to a more costly version of Quickbooks -- twice as much per month! For the 1 or 2 refunds I have to deal with in a year that is unaffordable. And truly, that feature should be available in all versions of Quickbooks at it is such a common thing to deal with.
The only practical workaround seems to be to create a New > Bank Deposit, and apply the deposit against the expense account. As far as I can see, the account balances are all where they should be after applying the refund of the returned item.
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