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AnnaKarp
February 12, 2023
Question

Bank fees refund

  • February 12, 2023
  • 1 reply
  • 0 views

Hello. I have a question about bank fee refund.

Our bank takes $45 for an international transaction. But for payments to Ukraine sends a refund of this $45 fee.

So we have an expence of this fee and probable a week later a refund.

How I should record this refund?

Thank you for your help.

 

1 reply

Nicole_N
Nicole_N
February 13, 2023

Hi there, @AnnaKarp. I'm here to help you record a refund in QuickBooks Online (QBO).

 

If you got a refund from a business expense, you'll need to create a vendor credit. This depends on how you record your purchases. You can read through this article that details the process: Enter vendor credits and refunds in QuickBooks Online.


If you're not sure how you record your purchases, I suggest consulting an accountant. We can help you find an accountant if you don't have one by clicking this link: Find a ProAdvisor.

 

You can also visit this article to learn how to refund your customer: Record a customer refund in QuickBooks Online.

 

I'll be here in the Community space if you have additional questions about recording a refund in QBO. Have a great day!

A
AnnaKarpAuthor
February 20, 2023

Thank you so much for your help.

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