In QuickBooks Self-Employed, specifically, how should I manage getting a refund for all or part of a personal purchase? Should it be categorized as Income?

laura-lauraelylc · ‎September 12, 2021

For example, I bought clothes and returned some. There's the original charge debited out of my account, and then there's the refund which QuickBooks labeled "Income." But it's not "income," it's just that I didn't spend as much in total. Please help me, I'm confused! Thank you.

GlinetteC · ‎September 12, 2021

Glad to have you here, laura-lauraelylc. I'm here to lend a hand.

In QuickBooks Self- Employed, there are two options on how to handle the refund. You may tag it as Personal or Exclude it.

To exclude transactions:

Go to the Transactions menu on the left panel and find the refund you're working on.
Then, click the right arrow under the ACTION column.
Tick the Exclude this transaction (this is for duplicates, reimbursements, customer refunds, and returned purchases) box.
Click Save.

Also, I recommend seeking expert advice from an accountant to ensure your books will be accurate.

These articles provide an overview on how to classify transactions and how they show up on the financial reports:

Feel free to comment below if you need more help about managing refunds @laura-lauraelylc. I've got your back.

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In QuickBooks Self-Employed, specifically, how should I manage getting a refund for all or part of a personal purchase? Should it be categorized as Income?

In QuickBooks Self-Employed, specifically, how should I manage getting a refund for all or part of a personal purchase? Should it be categorized as Income?

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