How To Register A Refund In Quickbooks

If everything is correct click ok.

How to register a refund in quickbooks. You can issue the refund in cash a check or on a credit card. Memo and amount as usual then save and close. In the account drop down menu select the account where you got the refund. Go to the deposit screen in the received from field enter the vendor name. Go to enter bills.

How do i enter a credit card refund in quickbooks. In quickbooks 2010 a credit memo is used to register a refund. The issue a refund window opens and should already be filled in. Apply to an invoice. Select a payment method and an account.

Then in from account field here you put accounts payable. To refund the money select give a refund and click ok. You ll see the receive payments window. Issuing a refund check. If you select a bank account qbo lists the bank account s current balance and the next check number associated with the account.

Quickbooks gst return duration. You can register a new refund via credit memo using the create credit memos refunds window which is accessed via the customers menu. Select credit card credit in the vendors column. Select an invoice you want to apply this credit to. The refund check has now been entered in the checking register ready to be printed.

My boss recently received a refund from fpl because he canceled and account he had there but when i tried to register that refund in qb i didn t know what to put in the account box so i used utilities but my boss says it s wrong because utilities is an expense account and a refund is not an expense. Input the credit transaction information. Select customers and then receive payments. Quickbooks opens the apply credit to invoices window. There are four basic steps to enter a credit card refund in quickbooks online.