Travel Rewards Credits

Hello, NameUser.
 

We can enter the cashback credit as an income to your company. I can guide you through the steps.

First, we'll need to create an income account for your points. Here's how:

1. Go to the Lists menu, then select Chart of Accounts. 
2. From the Account drop-down, select New.
3. Select Income from the Account Type window.
4. Click on Continue.
5. Enter the Account Name and other details.
6. Click on Save & Close.

Once done, we can now record the cashback credit. We can follow the steps below:

1. Tap on Banking and then click the Enter Credit Card Charges option.
2. Enter the name on the Purchased From field.
3. Select the account you created.
4. Enter the amount of the charge.
5. Click on Save & Close.

However, I'd still suggest reaching out to your accountant. They will help you decide on the best route to take in recording the credit card cash rewards you've received and choose the accounts impacted.

I've also added these articles that will guide you on how to handle deposits and your bank transactions:

• Automatically record QuickBooks Payments bank deposits in QuickBooks Desktop.
• Add and match Bank Feed transactions in QuickBooks Desktop.
• Learn the reconcile workflow in QuickBooks.

If you have any other questions about recording rewards in QuickBooks Desktop, don’t hesitate to notify me by adding a comment below. I'd be glad to help.