quickbooksphonenumber logo

QuickBooks Desktop users have the potential to keep the records of refunds you get from a seller. Choose the suitable scenario and follow the instructions to list the refund in QuickBooks appropriately. Record Vendor Refund in QuickBooks Desktop by taking the help of QuickBooks Support team.

Record Vendor Refund in QuickBooks Desktop

Method 1-The vendor gives a repayment check for a paid bill

Keep a correct record of a deposit of the vendor check-

  • Click on Banking button and click on, “Make Deposits”.
  • Payments to deposit window may display, and click on “ok” button.
  • Click on, “Make Deposits window” and click on obtained from the drop-down button and select the seller delivered refund to you.
  • In the drop-down button, select the suitable account payable account.
  • Choose the account column, you should enter check amount.
  • You must enter a memo, check number, and payment method and category even though it is non-compulsory.
  • Click on “Save” and close.

Keeping an actual record of an invoice credit for the refunded amount-

  • Choose the vendor’s button and choose enter bills.
  • Choose credit option to the account for getting back of goods.
  • Type vendor name
  • Press on “expenses” button and type the accounts on the actual bill.
  • Choose the amount line, type the suitable amount for every account.
  • Finally, you have to click on “save button and close.

Connect the deposit option to the bill credit-

  • Choose seller’s button and choose pay bills.
  • Confirm the deposits that match correctly with vendor check amount.
  • Choose set credits and perform the bill credit that you made formerly and click on “done” button.
  • Finally, you need to click on pay chosen bills and click on “done” button.

Method 2- Seller gives you an application for a refund check for returned inventory things

Keep a documentation of a deposit of the seller check-

  • Click on Banking button and click on, “Make Deposits”.
  • Payments to deposit window may display, and click on “ok” button.
  • Click on, “Make Deposits window” and click on obtained from the drop-down button and select the seller delivered refund to you.
  • In the drop-down button, select the suitable account payable account.
  • Choose the account column, you should enter check amount.
  • Type the rest details in the deposit account.
  • Click on “Save and Close” button.

Keep a document of a bill credit for the returned objects

  • Choose the sellers button and choose, “enter” bills.
  • Choose the credit button to the account for returns of goods supply.
  • Type the seller name.
  • Click on “Items” button.
  • Type the returned items along with the similar amounts as the amount mentioned on the refund check.
  • Click on “Save and close” button.

Attach the deposit to the bill credit-

  • Pick up the sellers button and choose pay bills.
  • Check the deposit that matches seller check amount.
  • Select “set credits” option and apply the bill credit you made previously.
  • Click on “Done” button.
  • Finally, you have to click on pay chosen bills and click on “Done” button.

Further instruction to Record Vendor Refund in QuickBooks Desktop

By following above steps, you can record vendor refund in QuickBooks desktop correctly. QuickBooks experts are very experienced to guide you how to keep a record of refund in QB desktop.

Call Us : +1-855-469-9990

    Call Us