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October 31, 2024
Question

How do you record interest income on a refund

  • October 31, 2024
  • 1 reply
  • 0 views
we received more than we filed for and i want to enter interest income

1 reply

October 31, 2024

Hi kba,

 

Thanks for reaching out to us here. I'll be glad to share more info so you're on the right track. 

 

The option to record interest income on a refund isn't available in QuickBooks. As a workaround, I recommend entering a journal entry to record the interest. For reference on how to enter the journal entry, I encourage you to check out this thread here

 

You're welcome to ask other questions in the comments below. I'll be on standby.