HOW TO POST GOOD RETURNED TO VENDOR?

Hello there, waseemlatif.

There are two ways in recording the return goods from your vendor.  If the refund is for returned inventory items, enter a refund cheque and link it to the deposit. Let me show you how:

1. Go to the +New button.
2. Select Bank Deposit under Other.
3. Go to the Add funds to this deposit section and to enter the vendor's name in the Received from column.
4. Use the Accounts Payable for the posting account in the Account column.
5. Enter the amount in the Amount column.
6. Then, click Save and close.
   

Once done, link the deposit to the supplier's credit:

1. Go to the New menu.
2. Select Expense or Cheque under Suppliers.
3. In the Payee drop-down, select the supplier's name.
4. Add link for the outstanding supplier credit and deposit.
5. Hit Save and close.

 If you want to pay the bill using a supplier credit, you can go ahead and follow the steps provided in Scenario 2. To learn more about managing your supplier's data, you can check this article for additional reference:  Manage Suppliers and Expenses.

Let me know if you have other questions. Take care always!