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Level 1

How do I record a refund when a zero balance is showing for a vendor?

A vendor had us prepay a service for a 3-day commissioning. He only stayed two days, so refunded us the excess. My books show a bill and zero balance. How do I input this refund? Ty.

2 Comments
Level 15

How do I record a refund when a zero balance is showing for a vendor?

deposit the refund and use the commissioning expense account as the source account for the deposit

Level 1

How do I record a refund when a zero balance is showing for a vendor?

Thanks ! :)

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