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THebert
Level 1
posted
‎June 30, 2022 02:10 PM
last updated ‎June 30, 2022 2:10 PM

How do I Categorize a partial refund I received?

I made a purchase for office equipment and ended up returning a couple of items. The full purchase was $224.13 but I received a credit of $149.77. How would I categorize this in my banking tab?

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1 Comment 1
Rustler
Level 15
‎July 02, 2022 03:35 AM

How do I Categorize a partial refund I received?

Show the refund as a deposit, usually you use Other Income as the source account.

But if you expensed the purchase then go ahead and use that same expense account as the source account since it was in a relatively short time frame

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