How do I enter a refund w/o adding it as a deposit & increasing my Sales for the year? Ex: I bought materials from home depot & had to return/ it shows as a deposit.
You spent a certain amount and recorded the outflow form checking (or as a charge on HD or other card account). Now you got either a credit to apply to HD or cc account (enter as cc credit) or you received actual cash at the store.
What did you do with the cash? Or reverse of a debit card transaction? It went into the bank - Anything going into the bank is a deposit, but as @vpcontroller said - it is now also a reverse (you have to enter it as such) of the original purchase purpose.
I can provide you with some additional information about how you can enter a refund without it showing as a deposit. At this time, we don't have an option to record a refund as some other name rather than a deposit. However, I can personally submit feedback on my side so that our Product Developers can consider this feature in an upcoming update. When a refund occurs back to an account, it will always show as a deposit.
If you think of any other questions you'd like to ask, just let me know. I'm always here to lend a helping hand.