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trishka18
Level 1

Our bank account was hacked where I put that purchase in as an expense. The bank gave us back the money so how do I put that in as a transaction in quickbooks?

 
1 Comment 1
Jen_D
Moderator

Our bank account was hacked where I put that purchase in as an expense. The bank gave us back the money so how do I put that in as a transaction in quickbooks?

Hey there, @trishka18,

 

I'm glad to share some steps and insights on how to record a bank refund in QuickBooks.

 

To track a returned payment, you can use a bank deposit entry. A deposit will increase the bank balance to show that the funds is deposited again. Use the following steps:

 

  1. Click on the + New button.
  2. Under Other column, click Bank Deposit.
  3. From the Account box, select the expense account used upon purchasing the equipment.
  4. In the Add funds to this deposit section, choose the Account where the money is coming from.
  5. Enter the Amount.
  6. Press Save and close.

I'm adding some related articles for more details about managing bank deposits or recording vendor refunds in QBO:

For other questions, feel free to connect with me again. You can count on me when it comes to QuickBooks concerns. Take care.

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