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sonya3
Level 2

How do I apply a refund check in my books from the state comptroller? what do I categorize it under and what account?

 
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Best answer March 11, 2021

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Rustler
Level 15

How do I apply a refund check in my books from the state comptroller? what do I categorize it under and what account?

it is other income, show a deposit for the amount and use other income as the source account for the deposit

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2 Comments 2
Rustler
Level 15

How do I apply a refund check in my books from the state comptroller? what do I categorize it under and what account?

it is other income, show a deposit for the amount and use other income as the source account for the deposit

blessyv
Returning Member

How do I apply a refund check in my books from the state comptroller? what do I categorize it under and what account?

Hello and good evening! 

I received a refund from TX Comptroller for over paying. My boss told me that it will not go under "Other Income" and that it should be under  "Refund"

Can you please help me?

 

Thanks,

Blessy

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