Categorisation in QBSE of a refund received

Many thanks!

So would you need to find and exclude both the expense transaction and the refund transaction? 

Also, if the expense was say £50, and I was sent a partial refund of £5, would I need to exclude the £5 refund? What would I then do regarding the minus £5 off the expense transaction in QBSE? 

Many thanks

Hello there, @U1511M.

Yes, you can find and exclude the expense and refund transaction once you receive reimbursement. Let me share further details about this and help you manage your expenses and refunds in QuickBooks Self-Employed (QBSE).

There are two ways you can track your refund in QBSE. You can either tag it as Personal or exclude it since you’re not receiving or spending anything from your account.

When you opt to exclude the £5 partial refund, it'll offset the amount you received or credited back to your client. To exclude, here's how: 

1. Go to the Transactions menu.
2. Find the refund you're working on.
3. Click the right arrow under the ACTION column.
4. Tick the Exclude this transaction (this is for duplicates, reimbursements, customer refunds, and returned purchases) box.
5. Click Save.

Once you're done, you can run the Profit and Loss report from the Reports menu to compare and check the accuracy of your data.

Also, you may want to check out these articles as your reference to learn more about categories and to guide you in using rules to help you speed up your reviews in QBSE:

• Categorize transactions in QuickBooks Self-Employed
• Create and use rules to quickly categorize transactions in QuickBooks Self-Employed

Let me know if you have other concerns about managing expenses and refund transactions in QBSE. I'm always here to help. Take care, and I wish you continued success, @U1511M.