I received a refund from my insurance. How do I post it?

Good day, oceanportprescho!

You can simply deposit it. Let me show you how.

Follow these steps:

1. Go to the + New icon, select Bank Deposit.
2. In the Account drop-down, select the account where you got the refund.
3. From the Add funds to this deposit section, enter the following:
   • Received From: a vendor who gave you the refund.
   • Account: the expense account you used to pay the insurance.
   • Payment Method: enter the method your vendor used to refund you.
   • Enter the Amount of the refund.
4. Tap Save and close.

You can also check this link: Enter a refund from a vendor. This will explain more on how to record a refund for a business expense.

Please visit our expenses and vendors page if you need references on how to manage your expenses, bills, checks, and suppliers.

Keep on posting here if you need more assistance. Take care!