Hi there, @yaegerj and @Movingman,

I’m here to help clear things out about refunds and credits in QuickBooks Self-Employed (QBSE).

QBSE only tracks business expenses and income for estimated tax calculations. At this time, we don’t have a specific category for refunds and credits.

In this case, you’ll need to categorize the credit as personal or exclude it once it’s downloaded into the system. If the original transaction for the purchase is a downloaded one, you also need to exclude it.

Then, add it back minus the refund amount (since the credit was only a portion of the entire purchase). This is to ensure the tax calculations for the quarter only include the actual amount you spent to purchase the item.

If the transaction was manually entered, you can simply edit the amount. If you return the entire purchase, you’ll need to delete or exclude both the purchase and credit.

Stay in touch with me if you need further information about estimated taxes or categorizing transactions in QBSE.