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Level 1

How do i categorize a refund? its already showing in my credit card account. just need to know how to properly assign it a category so it offsets the original expense.

 
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Level 10

How do i categorize a refund? its already showing in my credit card account. just need to know how to properly assign it a category so it offsets the original expense.

@povedaproperties 

 

Just create a Credit Card Credit transaction in QBO.

From the left Dashboard > Select "+ New" to create a new transaction > Vendors > Credit Card Credit. Be sure to select the original expense account under the category, that will offset against the original transaction.

If you're using the Banking bank feed, it should match after this. Select Match, done. That's the recommended workflow in QBO.

 

credit-card-credit.PNG

 

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