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Level 1

In chart of accounts enable an expense item to accept a credit for returned monies

 
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QuickBooks Team

In chart of accounts enable an expense item to accept a credit for returned monies

I'll show you how to create an expense account, state1.

 

You can follow these steps:

  1. From the Accounting tab, select Chart of Accounts.
  2. Click on New. Choose an expense as the Account Type and Detail Type.
  3. Enter an account name, then click on Save and Close.

I also added an article on how to handle customer refunds and credits:

Please reply and tag my name if you have further questions. Have a great day!

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Level 8

In chart of accounts enable an expense item to accept a credit for returned monies

 I would think any expense account could have a credit posted to it.

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