I'll provide some information to guide you on how you can create vendor a refund on a credit card, Nikki M.
Vendor credit is used in QuickBooks Online (QBO) to either record returns to vendors or refunds from vendors. Generally, we use credit card credit when you apply for refunds on a credit card or record a return to a business credit card. I've outlined the steps below on how:
- Select + New.
- Select Credit card credit.
- In the Payee field, select the appropriate vendor.
- From the Bank/Credit account ▼ dropdown, select the credit card to which you received the refund to.
- Enter the Payment date, refund Amount, Tax, and Category.
Note: The category used here is the original expense account on the original bill.
- Select Save and close.
However, I recommend reaching out to your accountant on the best way how you can record the refund. This way, you'll be guided on how you can reimburse a refund to the credit card.
Also, since entering a refund depends on how your record your purchases, you can also check out this article for more information: Enter Vendor Credits And Refunds In Quickbooks Online.
Moreover, QuickBooks offers different types of reports that cater to your business needs. You'll only have to customize them to make sure you get the information you need. I've added this article for more details: Customize Reports In QuickBooks Online.
Let us know if you have any other concerns when recording a refund. We're always right here to get you covered.
