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chris78
Level 1

How do i record a refund for an expense?

 
1 Comment 1
RaymondJayO
Moderator

How do i record a refund for an expense?

Hello there, @chris78

 

I'll guide you through recording a refund for your expense. 

 

You'll first need to enter a supplier credit if the refund is for returned inventory items. Here's how: 

 

  1. Go to the Plus (+) icon at the upper right. 
  2. Select Vendor Credit.
  3. Enter the necessary information.
  4. Click Save and close.
     

Then, you'll have to enter the supplier refund cheque in the Deposits screen. Here's how: 

 

  1. Go to the Plus (+) icon at the upper right. 
  2. Select Bank Deposit.
  3. In the Add other funds to this deposit section, select the supplier name in the Received from column.
  4. Select the Accounts Payable account in the Account column.
  5. Enter the cheque amount in the Amount column.
  6. Click Save and close.

 

After that, you can link the deposit to the supplier credit by performing the steps below: 

 

  1. Go to the Plus Icon (+) at the upper right.
  2. Select Expense or Cheque
  3. Choose the supplier name in the Payee drop-down. 
  4. From the Add to Expense/Cheque section, click Add for the outstanding bill and supplier credit.
  5. Click Save and close.

 

You can check out this helpful article about managing supplier refunds in the program: How Do I Handle Supplier Credits and Refunds?

 

 This will get you going, @chris78. If you have other concerns, please let me know. I'll always right here to help.