Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Search instead for
Did you mean:
Announcements
The QuickBooks Community will be unavailable for approximately 1 hour beginning at 10:00 PM PDT on Wednesday, August 14th for database maintenance. All community forums will be unavailable during maintenance but feel free to browse our Support articles for help in the interim.
I have issued a refund from my Paypal account for a particular customer and the money was pulled through ACH. How do I categorize this under bank transaction?
I have issued a refund from my Paypal account for a particular customer and the money was pulled through ACH. How do I categorize this under bank transaction?
I have issued a refund from my Paypal account for a particular customer and the money was pulled through ACH. How do I categorize this under bank transaction?
Is your PayPal account connected to your business bank account? If so, then create a revenue account called Sales Return. Book it there. It would be a credit to your cash account (reducing this asset because money came out) and a debit to Sales Return (which is a Contra Revenue account because it's reducing Revenue).
Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.