Skip to main content
December 16, 2023
Question

How do i record a road tax refund

  • December 16, 2023
  • 1 reply
  • 0 views
how do i record a vehicle road tax refund

1 reply

December 16, 2023

Hello there, marccoulljoinery.  

 

Let me help you record a road tax refund in QuickBooks Online.

 

I suggest making a deposit and using the tax paid or expense account as the source account on the transaction.

 

Here's how:

 

  1. Tap the New menu and select Bank Deposit under Other.
  2. Click the Account drop-down to choose the correct category type you want to use.
  3. Enter the correct date in the appropriate field.
  4. Navigate to the Add funds to this deposit section and enter the refund details in the field boxes.
  5. Click Save and close.

 

For more insights into this process, check out this article: Record and make bank deposits in QuickBooks Online.

 

Furthermore, you can also seek advice from an accountant, who will be able to provide you with tips on how to properly handle vehicle road tax refund in QBO.

 

In case you need steps on how you can create a supplier credit to enter a business expense, you can read this article: Enter supplier credits and refunds in QuickBooks Online.

 

If you have any additional questions about refunds or taxes, you can add them below. I'll get back to you as soon as I can with further information, marccoulljoinery. Have a good one!