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February 25, 2021
Question

EI Refund - How to run it through QBO?

  • February 25, 2021
  • 1 reply
  • 0 views
Recieved a refund for overpayment for EI from Gov't. How do I input this in QuickBooks Online so the credit gets applied to my next remittance and also is added as income? Any insight would be great - Thanks ahead of time - Randy

1 reply

February 25, 2021

Hi Randy,

 

I'm happy to hear from you again. I hope all is going well on your end. QuickBooks makes it easy to keep track of your taxes and I'll be happy to steer you towards the right path. 

 

Making sure you're recording transactions the right way is a good method for preventing errors in your books. To ensure accuracy, I recommend reaching out to your accountant for expert advice. If you're not in contact with one, I encourage you to search for one on our website using this link here. In the meantime, check out this helpful article with more information on how to: Enter a refund from a supplier.

 

I'll also leave this question open in the community so other members can chime in and share their expert advice on how to record the EI refund. Feel free to ask other questions in the comment s below. I'm here to help.