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gypsyhollowartis
Level 1

Paid for a craft fair w/ Facebook pay and it was $15.74. then I had to cancel and was refunded $15 back to me. I had it in as an expense. Do I delete? What about $ .74?

 
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ATOZBOOKS
Level 3

Paid for a craft fair w/ Facebook pay and it was $15.74. then I had to cancel and was refunded $15 back to me. I had it in as an expense. Do I delete? What about $ .74?

Technically, you should never delete something like this. You will categorize the refund against the same expense category that you originally used for the purchase itself. The difference of $0.74 will stay as an expense.

 

If you have more questions, feel free to contact me.

 

-Lubov Bogopolskaya

A/Z Bookkeeping

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