cancel
Showing results for 
Search instead for 
Did you mean: 
filippaleedham
Level 1

Which account should a restocking fee be in?

When I have to charge a customer a restocking fee on a return should my restocking fee "item" be in the account "merchandise sales" which is an 'income' account; OR in my 'inventory purchase' account which is a 'Cost of goods sold' account; OR in my 'inventory asset' account which is an 'other current asset' account? Thank you for any clarification.

Solved
Best answer December 10, 2018

Best Answers
Raywhite28
Level 7

Which account should a restocking fee be in?

I'd make it a separate income account.

View solution in original post

1 Comment
Raywhite28
Level 7

Which account should a restocking fee be in?

I'd make it a separate income account.

View solution in original post

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up