How to Record Refund from a Vendor in QuickBooks

💠 First of all, open the Banking menu and choose the “Enter Credit Card Charges.”
💠 Then scroll your click on “Credit card Account” from the drop-down options of Credit Card Changes.
💠 Then click on the refund button and select the correct vendor name and fill the required information such as Ref No., Date and total amount.
💠 Then write an accurate memo to get all information about transactions.
💠 If you return your product then open the product tab and click on that product and enter the amount and you will get your refund within minutes.
💠 To end the procedure, click on save & close.

To check the deposit record of the vendor check:

💠 Click on the Banking menu and then choose “Make Deposits.”
💠 If deposited payments will appear on your screen, then go with an OK click.
💠 Go to the “Make Deposit” and click on the “Received” from the options and scroll your click on a vendor who refunds your payment.
💠 Then click on the “Account” and choose the accounts payable account.
💠 Then enter the amount you want to refund and enter all required information like payment method, check number and product name.
💠 Then select save and close.

💠 Go to the Vendors menu and click on “Enter Bills.”
💠 Then choose the “Credit button” to your account to return your product.
💠 Then enter your Vendor name and click on the expenses tab.
💠 After that, enter the accurate account of your product.
💠 Then enter all required information in the Amount section with the appropriate amount.
💠 Then save and close the processing.

💠 Click on the vendor’s menu, and choose “Pay bills.”
💠 Then you need to check the status that will match with your account.
💠 Then choose “Set Credits” and applicable to the “Bill credits” then click on OK.
💠 Then go to the “Pay selected bills” and click on DONE.