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M
minutemanservice
September 6, 2021
Question

How do I enter a credit card refund from returned, unused supplies?

  • September 6, 2021
  • 1 reply
  • 0 views

We purchase many supplies from Lowes using a company credit card.  I enter the receipts into Quickbooks online as an expense tied to a specific job and / or items that are added into inventory.  If I return some of the supplies to Lowes and I am issued a credit on the company credit card, how do I record this in QB Online?   I do not see "supplier credits" and it really isn't a vendor credit since it has already gone back to my company credit card.   I do need the credit to be subtracted from expenses and from the credit card charge.  

1 reply

N
Nick K
September 7, 2021

Hi minutemanservice.

 

Returning inventory is sometimes something that needs to be done on a job. I'd be happy to help you get your returns entered in your QuickBooks account.

 

QuickBooks Online makes entering your returns easy by giving you multiple ways to track it. If you returned the inventory and received a refund from them then a credit memo would not be the best choice. Instead I recommend entering it as a supplier refund. You can enter a refund by following the steps in this article on how to create a supplier refund. Once the refund is entered it'll take away from the expense that was entered towards that job.

 

If you have any questions let us know and we'd be happy to help!

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