how to record a refund in quickbooks


A

Andreas

I have received a refund for faulty work by one of my suppliers. Now I am
not quite sure how to register that refund in Quickbooks. The initial
payment I made to the supplier was registered as a normal cheque.

Any help would be appreciated.

Cheers.
 
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?

!-!

The refund should reduce the original expense. Sales tax and/or VAT
or GST may also be applicable.
 
A

Andreas

If I entered the original expense as a cheque, how do I enter the refund? I
have to admit normally I only use cheques and invoices in Quickbooks, but
obviously I cannot enter the refund as an invoice. And whatever I do I have
to, as you said, reduce the original expense. So there must be some kind of
connection between the refund and the expense.

Thanks for the help
 
?

!-!

What expense account did you use on the cheque?
Enter the refund as a deposit "from" the same expense account.
"Connect" the refund to the expense by referring to the cheque number
and/or the supplier's Bill number in the deposit memo field, the
supplier's name in the "Received from" field.
 
J

John

Just make a deposit and apply it to the same expense account that the
check was charged to.

Toolbar - Banking / Make Deposit


If I entered the original expense as a cheque, how do I enter the refund? I
have to admit normally I only use cheques and invoices in Quickbooks, but
obviously I cannot enter the refund as an invoice. And whatever I do I have
to, as you said, reduce the original expense. So there must be some kind of
connection between the refund and the expense.

Thanks for the help
-
____ _
| __\_\_o____/_|
<[___\_\_-----<------------------<no spam please><
| o'
 
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A

Andreas

Will do. Thanks guys (also to John).


!-! said:
What expense account did you use on the cheque?
Enter the refund as a deposit "from" the same expense account.
"Connect" the refund to the expense by referring to the cheque number
and/or the supplier's Bill number in the deposit memo field, the
supplier's name in the "Received from" field.
 

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