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Level 1

Reimburse Customer for an Expense They Incurred

Our company recently:

  • Shipped an item to a customer overseas.
  • The customer incurred an import tax, and the customer paid it.
  • Our company has reimbursed the customer for these import taxes via wire transfer.

How would a transaction like this be properly entered?

1 Comment
Level 15

Reimburse Customer for an Expense They Incurred

enter a wire transfer (EFT) in the bank account and use shipping expense or tax expense as the account for the transaction

 

You should have already entered the original transaction, the sale

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