When we pay for our company insurance cover, I pay for it on my personal credit card, which then I pay back to myself when I do payroll and just add it onto the bank credit. I have a memorised cheque transaction where I just code the insurance to the insurance code within the chart of accounts. The insurance broker is not set up as a supplier, and never has been.
We now have a situation where we have amended our insurance cover, and we have just received a very small refund for making the change. As we don't have our insurance broker set up as a supplier, and I can't find anywhere in QuickBooks Desktop, where I can process this refund without putting in a supplier or customer name first, even within journals, I'm not sure how to process this.
I could set up a supplier purely to process this small refund, then issue a credit note to then allocate that, but then that would be the only time the account would ever have been used.
Is there another way that I can process this, please?
Thanks
