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What category should I use for customer refunds, currency conversions and supplier refunds?

  1. Where I have refunded a customer, what category should I select for those transactions?
  2.  What category should I use for when I have done a 'currency conversion' via PayPal?
  3. What category should I select for a transaction when I have received a refund from my supplier (refunds due to faulty items on arrival, etc)?

 

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1 REPLY 1
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QuickBooks Team

What category should I use for customer refunds, currency conversions and supplier refunds?

Hello dgdg, 

 

We're not Qualified to advise you of what Category to choose you may need to seek Guidance from an Accountant. Do you know if they are to fall under allowable or Dis allowable on your self assessment? If you can advise this we may be able to assist.

We welcome anyone to join the thread if they have had done similar recordings in QBSE.