I have a credit in payables. The company has given me a cheque as a refund to clear the credit. How do I post the entry

Hi @Farmer1953,

Welcome to the Intuit Community! QuickBooks is a flexible program that helps you to manage your accounting with ease. I'll be glad to share some information on this so you're on the right track with your work.

To record the cheque refund in QuickBooks, you can follow these steps:

Create a Supplier Credit:

1. Go to + New and select Supplier Credit.

2. Choose the supplier from the dropdown menu.

3. Enter the refund amount, payment date, and category.

4. Save and close.

Record the Cheque Refund:

1. Go to + New and select Cheque.

2. Choose the supplier as the payee.

3. In the Bank Account dropdown, select the bank account where the cheque was deposited.

Enter the cheque amount and select the supplier credit as the payment method.

4. Save and close.

Match the Bank Transaction:

1. Go to Banking and find the cheque refund transaction.

2. Match it to the corresponding bank transaction to ensure your records are accurate.

For reference, you can visit this article: Record a customer refund or supplier refund in QuickBooks Online.

I hope this helps! If you have any other questions, feel free to reach out here.