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Oct 31, 2024 7:04 PM UTC
Question

How do you record interest income on a refund

we received more than we filed for and i want to enter interest income

1 reply

Oct 31, 2024 7:55 PM UTC

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.