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Hilary5
May 15, 2019
Question

Hi, I have two companies ABC and XYZ. A refund was issued from XYZ instead of ABC and I'm not sure how to record this?

  • May 15, 2019
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1 reply

Rustler
Rustler
May 15, 2019

in XYZ, post the refund to a clearing expense account

 

in ABC, make a payment to XYZ using the refund account

 

In XYZ, deposit the payment from ABC using the clearing expense account as the source account for the deposit

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