How do I post refunds from an expense paid last year?

If you deposited the refunds, probably record them as deposits to your checking account.

Let me guide you on how to record the refunds from an expense paid last year in QuickBooks Online (QBO). This way, you'll be able to keep your books accurate and manage your transactions correctly, Accounting789. 

I understand that creating an expenditure will deduct from the checking account and will result in out balance in the register. With this said, we can record them as deposits in your account. Here's how:

1. Go to the +New button.
2. Select Bank deposit.
3. Choose the account that the money was received in the Account field.
4. Select the correct date in the Date section.
5. In the Add funds to this deposit section, select the name of the employee under the Received from column.
6. In the Account column, select the expense account you use for the transaction you created.
7. Enter the amount with No VAT.
8. Select Save and close.

Here's an article you can refer to for more details about recording and making bank deposits in QuickBooks Online. Moreover, you can pull up the Deposit Detail report to check the details of the transaction you created above. This way, you can identify if you recorded everything accordingly.

Let me share some resources that you can browse and use as a reference in managing and navigating your QuickBooks account.

• Video Tutorials for QuickBooks Online - You can watch videos that can help you perform the most vital features of the program.
• Small Business Webinars and Trainings - Join our live QuickBooks webinars for more in-depth knowledge on how you can maximize the use of QuickBooks to manage your finances.

Leave a comment below if you have other concerns related to recording a refund in QBO. The Community and I will be around to help you. Have a great day ahead.