Skip to main content
M
MicGrow
May 28, 2024
Question

Refund Category?

  • May 28, 2024
  • 1 reply
  • 0 views

Hey,

 

I am hoping someone can help me. I bought an item off Amazon, but it was either damaged or lost, I forget - but we contacted Amazon and they refunded the product. 

 

So now the item is already logged as a business supplies invoice - but how should I add the credit note? (Its 1:1 the cost, so I'm wondering if I should just delete the original invoice or register the credit note as "business income")

 

 

1 reply

Bryan_M
Bryan_M
May 29, 2024

Welcome to the Community space, @MicGrow

 

Currently, adding credit notes to an invoice isn't available in QuickBooks Self-Employed. As a workaround,  you can record the refund you received from Amazon by creating a transaction and assigning it to the correct category. 

 

Here's how:

 

  1. From the Transaction tab, select Add Transaction.
  2. Type in the amount and description.
  3. Click the Select a category option and choose the correct category of your transaction. Check out this article: Schedule C and expense categories in QuickBooks Solopreneur and QuickBooks Self-Employed.
  4. Select Save.

 

For more info, check out this article: Manually add transactions in QuickBooks Self-Employed.

 

Also, I recommend reaching out to your accountant to guide you on where to record transactions correctly.

 

If you want to learn how QBSE automatically estimates your federal tax payments: Automatically estimate your income tax in QuickBooks Self-Employed.

 

I'm glad to have you here. Please come back if you have additional questions about categorizing transactions. I'll be willing to help. Have a good one.

Terms & ConditionsAccessibility statement