Level 10

Reports and accounting

You will need to use "Credit Card Credit" (create + sign > Vendors > Credit Card Credit) as designated form in QBO, to handle return with gift card transaction.

  • Select Vendor = Home Depot
  • Add New Home Depot Gift Card (as Credit Card type) > notice once added new balance should show zero
  • Account = same account originally used when entered for purchased items
  • Amount = gift card store credit amount
  • Save > notice once saved balance should show negative amount equivalent to store credit
  • Save and Close

When you start using the Gift Card for purchases, go to Expense Form  (create + sign > Vendors > Expense) and select Home Depot Gift Card from drop down list and use it as a form of payment.


Once you start using negative balance should go down.

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