Receiving a refund -Where?

1

Hello,

When we receive a credit back from a refund, where should this be added please because in my income drop down menu I see “Sales”, “interest received”, “commission received”, should I create a new one called “refund” if yes, should this really be in the “income categorie”?.

Thank you.

2

You post the refund back against the expense account where the cost was first posted.
If the original expense was “Office Supplies” then the refund goes to “Office Supplies”, then it would appear that the cost had never occurred.

3

Thanks Brucanna, got it.