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Credit Card late fees refund

A bank credit card charged me a late fee in a billing period. I got a refund in the following billing period. How do I log this in Quickbooks Desktop Pro 2014? The original late fee was already logged and reconciled in the previous statement period. Thank you.

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Best answer July 14, 2020

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QuickBooks Team

Credit Card late fees refund

Hello there, @maksimus.

 

We can navigate the Credit Card Refund/Credit screen to record the refund in QuickBooks Desktop.

 

Here's how:

  1. Go to the Banking menu, and then choose Enter Credit Card Charges.
    1.4.PNG
  2. In the Credit Card Refund/Credit screen, click the Refund/Credit radio button.
    1.5.PNG
  3. From the Credit Card drop-down, choose your credit.
  4. Choose the vendor’s name in the PURCHASED FROM drop-down arrow, and then enter the Date, Ref No, and Amount.
    1.6.PNG
  5. If you want to take note of what happened to the transaction, enter it in the Memo field.
  6. From the Expenses column, choose the correct category in the Account drop-down, and then enter the amount.
  7. Click Save & Close once done.

 

For future reference, see the Record a vendor refund in QuickBooks Desktop guide. It provides an overview of how to enter a supplier refund depending on the situation.

 

Feel free to drop a comment below if you have other questions. I'm always here to help. Have a great day!

View solution in original post

2 Comments
Highlighted
QuickBooks Team

Credit Card late fees refund

Hello there, @maksimus.

 

We can navigate the Credit Card Refund/Credit screen to record the refund in QuickBooks Desktop.

 

Here's how:

  1. Go to the Banking menu, and then choose Enter Credit Card Charges.
    1.4.PNG
  2. In the Credit Card Refund/Credit screen, click the Refund/Credit radio button.
    1.5.PNG
  3. From the Credit Card drop-down, choose your credit.
  4. Choose the vendor’s name in the PURCHASED FROM drop-down arrow, and then enter the Date, Ref No, and Amount.
    1.6.PNG
  5. If you want to take note of what happened to the transaction, enter it in the Memo field.
  6. From the Expenses column, choose the correct category in the Account drop-down, and then enter the amount.
  7. Click Save & Close once done.

 

For future reference, see the Record a vendor refund in QuickBooks Desktop guide. It provides an overview of how to enter a supplier refund depending on the situation.

 

Feel free to drop a comment below if you have other questions. I'm always here to help. Have a great day!

View solution in original post

Highlighted
Level 1

Credit Card late fees refund

Hi @Maybelle_S ,

 

Thank you! That worked. I had earlier chose the Credit Card as the account. I had to choose "Credit Card Charge & Fees" as the item for it to work. Thanks again!

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