Vendor Refund

I received a call from a client the other day.   "How do you enter a refund from a vendor?"  This client had just been audited by their worker's compensation insurance carrier and was overcharged based on the numbers used from the prior year.  So, she received a refund check.  

Here is how you would enter that check (or any refund from a vendor, just use the account you would normally use for the vendor):

On your home page, select "record deposit" and enter the name of the vendor in the "received from" box, the insurance expense for the "account from" box and the amount.  I always make a note on the memo line describing why a vendor is refunding me.  

Click photo to enlarge

And that is it.  This refund will lower your expense, but that is just what a refund check does.  It is a very simple transaction to enter.

Courtesy of our colleague Lynda Artesani, Certified QuickBooks ProAdvisor in SW Florida