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The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> How to record a refund from supplier in QB
Post Info TOPIC: How to record a refund from supplier in QB
NA_AA


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How to record a refund from supplier in QB
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In QB - How to record a refund from supplier in QB?



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Thanks, Nadia.
ClawzCTR


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Depends if its recorded as a 'bill' try this video for size.... ;) http://www.youtube.com/watch?v=4ccrpU8YQ4k

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Gary

W: www.backtoblackbooks.co.uk    E: gary@backtoblackbooks.co.uk     t: @backtoblackBK
Amanda


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If they are VAT reg you will have to journal it in, so you can account for the VAT.

If they are not VAT reg then just go to banking menu and go 'Make Deposits' and put it in there.


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Amanda
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thank you both!

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Thanks, Nadia.
Truemanbrown


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I am assuming you also received a credit note from the supplier which you have already posted.

That being the case you would enter the refund by going to the bank tab - make deposits and then post to accounts payable.

Then go the suppliers - pay bills and you would then see the refund appear like a bill. You would just set this off against the credit note.

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Your local accountant

 

 
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