Do you ever have a customer who wants to return a product or service?
Are you wondering what is the proper strategy to enter these types of transactions into QuickBooks?
In this week’s tip, you will also learn how to handle refunds from merchant providers such as Stripe or PayPal to help your bank reconciliation and keep your bookkeeping accurate. 🙌
Steps to Refund a Customer in QuickBooks Desktop:
Go to “Refunds & Credits”
Enter the Details
- Credit No.
You can Click Save at the top or Save & Close at the bottom
Available Credit Screen will pop up
- Retain as an Available Credit
- Give a Refund
- Apply to an Invoice
- Click OK
Issue Refund Screen will Show
Issue this Refund via: ________
A Refund issue is due to:______
Check Other Details:________
Use Credit to apply to Invoice
Apply Credit to Invoices screen will show
Checkmark the one you want
Edit Amt. Applied
Looking for the Online Version of this video: https://canduskampfer.com/refunds-and-credits-in-quickbooks-online
Have you been using QuickBooks for a while, but when you pull a report you just don’t understand what it’s saying?
Does the idea of going to see your tax professional sound a little stressful and maybe cause you to feel like you want to pull your hair out?
I would love for you to join me on my customizing QuickBooks workshop.
I’ll be sharing:
- The most efficient way to track your Income and Expenses.
- How to create accurate reports in order to view how your business is actually doing and stop second-guessing yourself.
- Where to get the data you need to make the best decisions to grow your business.
And the #1 SECRET to feeling confident at your next tax appointment.
I’m excited to see you on the workshop!