typically you enter the fraudulent charge to an expense account named the for that
when you get the bank refund, do a credit card credit, use that same fraudulent expense account as the source account for the credit card credit
If fraudulent charges occurred in December and credits are coming through in January, do I need something for the fiscal year to show I'm expecting the credits the next fiscal year...an A/R situation, perhaps?
The expected credit should reflect on your books, NatalieSpears.
To do that, you'll want to enter the fraudulent charge to an expense account. Create an expense account with same name for tracking. Make sure the date used in entering the expense transaction is the date when the fraud charge took place.
Once you've received the bank refund, enter a credit card credit with the same amount. Select the expense account created as the source account. Select the correct payment date.
Check this article for future reference: Prevent credit card fraud.
Let me know if you have additional questions, I'll be right here to help.
Welcome to the thread, @glangley82.
There's no need for you to create a vendor. You'll need to use the same to make sure the credits hit on the vendor's account.
To record the refund, you can follow the steps provided by my colleague MaryLurleenM.
See also this article which you may find helpful in the future:
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How can I go about it if its my Debit card? I created a "fraud expense" account. How do I book the credit from the bank if its within my checking account? Currently I use "write check" to account for all transactions using my debit card. Please advise.
Thank you for reaching out to us, @Agena.
I'll be glad to help you with your refund concern.
To make deposits.
You can also check how to Connect bank and credit card accounts to QuickBooks Online for more information about invoices.
We're always here in the Community to help if you have other questions related to QuickBooks. Stay safe!