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November 20, 2023
Question

Add account called "Refunds" to chart of accounts

  • November 20, 2023
  • 1 reply
  • 0 views

Hi,

 

I have to make a journal entry adjusting income from sales.  My accountant wants me to adjust "services" , "Refunds", and "Fees"

Services is our income account.  The refunds are ones that had been made through the credit card company and I was posting them under services... which is wrong.

1 reply

BigRedConsulting
November 23, 2023

If your question is can you add an account, I'm pretty sure the answer is yes.

November 23, 2023

Hi, thanks for the reply. I knew I could add it, but I wasn't sure how to add it.  If it was considered an expense or what..  but I did figure it out.