Hi
I'm a child activity provider, and due to Covid I had to cancel some of my live face to face music classes. This means I had to give my customers a partial refund. How do I record this in Quick Books so it reports correctly?
Everyone pays by bank transfer and I refunded by bank transfer.
Any help would be much appreciated!
Solved! Go to Solution.
Hello KatyV, so with you having the Quickbooks Self-Employed account, you will need to just exclude the transaction as you can not do a customer refund in the product.
So when you click on the transaction you will see and to let you know it will say this at the bottom of the clicked transaction -exclude this transaction (this is for a duplicates, reimbursements,customer refunds, and returned purchases)
Hi KatV If you have created sales receipts or invoices for your customers and received payment then you can use the refund receipt function within the New+ icon.
Hi Jon
I don't create receipts for them through Quick Books as they get receipted through the booking system I use which is separate.
Is there another way of doing it?
Hello KatyV, so with you having the Quickbooks Self-Employed account, you will need to just exclude the transaction as you can not do a customer refund in the product.
So when you click on the transaction you will see and to let you know it will say this at the bottom of the clicked transaction -exclude this transaction (this is for a duplicates, reimbursements,customer refunds, and returned purchases)
This is really frustrating!! I want to show both the income and refund in quick books but I guess it inflates the turnover unnecessarily by showing both in quick books so the accepted suggestion is to not include the sale and refund but then you need to remove the PayPal or card processing fee too. It’s really messy. Would be great to just have a refund category in the list so we can just go through the related “sale” transaction and remove them both and also the fees afterwards.
if we refund after paypals 6 weeks free refund then we take the hit on the PayPal fee so sometimes we need to keep the fee transaction.
Hi there, @PlanetBounce.
I can see the importance of having a refund category so you can go through the related sale transactions. However, it is still unavailable in QuickBooks Self-Employed (QBSE).
That said, I recommend leaving feedback to notify our software engineers about the feature you need. This way, they can take it into account for future product improvements.
To send your input, here's how:
Moreover, I'll also share this link where you can search for articles that can serve as your guide in managing your QBSE account: QuickBooks Self-Employed Help Articles.
Feel free to leave a reply if you have additional QBSE concerns. The Community always has your back. Keep safe.
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