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Level 1

I need to prepare a refund for a customer who has several o/pymts. It seems it addresses just a regular refund. How can I prepare a refund picking specific overpayments?

I followed the instructions for a refund but since I have several overpayments it seems is not applying those overpayments to the refund. Does anyone knows how to do this?
3 Comments
QuickBooks Team

I need to prepare a refund for a customer who has several o/pymts. It seems it addresses just a regular refund. How can I prepare a refund picking specific overpayments?

Hello there, @bookkeeping23.

 

I can help you record a refund transaction successfully in QuickBooks Online.

 

To make sure it's not applied automatically to a credit on the next sales transaction, you'll have to turn off this feature. Then, create an Expense transaction and use an Accounts Receivable Account, and assign it to the customer you want to give a refund.

 

This is how it looks like:

 

 

You may consider checking out this article to know more details about giving your customer a refund: Record a customer refund in QuickBooks Online.

 

I've added a reference you may check in case you want to assess specific aspects of your business: Run reports in QuickBooks Online.

 

I'll be here if you need further assistance or questions. I'd be to lend a helping hand. Take care and have a wonderful day.

Level 1

I need to prepare a refund for a customer who has several o/pymts. It seems it addresses just a regular refund. How can I prepare a refund picking specific overpayments?

Thank you for your reply. But I still not sure if this works for what I need to do. I had researched before sending my request and found the same answer you gave me. And it seems this explanation only addresses a specific scenario - for example giving a refund for a return. And that will work on that specific scenario but not for what I need.

What I need is to refund a customer the credits and/or overpayments posted in QBs. Before you sent me your answer I created the Expense, used A/R and selected the customer but the overpayments were still unapplied. The amounts won't clear. BTW the feature to automatically apply a credit is off. My question is:  how can I create a refund for a customer using only specific amounts shown as overpayments? How can these overpayments be removed and show as refunded to the client? Thank you again.

Moderator

I need to prepare a refund for a customer who has several o/pymts. It seems it addresses just a regular refund. How can I prepare a refund picking specific overpayments?

Thank you for reaching back out to us, bookkeeping23. You have done the first half by recording the refund for the customer's overpayment, such as creating the expense, using the A/R account, and adding the amount correctly! The next step would be to link the refund to the customer's credit or overpayment. Here's how:

  1. Select the + New icon.
  2. Click Receive payment or Receive invoice payment.
  3. Locate and select the same customer you used for the expense.
  4. Fill out the required fields.
  5. Select the checkbox for the Expense you created under the Outstanding Transaction section.
  6. Click Save and close once completed.

Please let me know if you need additional help once doing this. For future reference, you may check out this article: Apply a credit memo, credit, or refund to a customer. The Community and I are here to assist. Have a lovely day!

 

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