How To Register A Refund In Quickbooks

Apply to an invoice.

How to register a refund in quickbooks. Select a payment method and an account. The refund check has now been entered in the checking register ready to be printed. If everything is correct click ok. How do i enter a credit card refund in quickbooks. Select customers and then receive payments.

In the example the customer isn t returning any items so the refunds allowances service was selected. In the add funds to this deposit section fill out the following fields. Enter the amount of the refund credit amount and use the account you originally used for the purchase. You ll see the receive payments window. Go to the deposit screen in the received from field enter the vendor name.

Go to enter bills. Then in from account field here you put accounts payable. Quickbooks online refunds from vendors for checks and cash expenses duration. Select the vendor who gave you a refund. Enter the vendor information as you normally would including the date of the refund a descriptive memo line and the customer job if applicable.

In the account drop down menu select the account where you got the refund. Retain as an available credit. To refund the money select give a refund and click ok. You can register a new refund via credit memo using the create credit memos refunds window which is accessed via the customers menu. Quickbooks gst return duration.

Select the radio button that says credit. Memo and amount as usual then save and close. There are four basic steps to enter a credit card refund in quickbooks online. Click on the new button at the top of the left menu bar. Select an invoice you want to apply this credit to.