It's good to see you here in the Community, bvill23. I'm here to help with your inquiry about managing refunds for early tax payments.
You can record it as a deposit and put it in your checking account. Allow me to share these steps with you:
- Click the + New button and select Bank deposit.
- Select the checking account in the Account field.
- Proceed to the Received from column and select the state agency.
- Choose the right account orselect State estimated taxes under the Account column. You can also reach out to your account for additional advice just in case you're not sure what account to use.
- Type in the amount and any other details.
- Click Save and close.
Here's an article that provides more details about recording vendor refunds: Enter Vendor Credits And Refunds In QuickBooks Online.
I'd also like to share these articles about vendor balances and estimated taxes for additional reference:
Don't hesitate to reply to me or drop by the Community again if you need more help with your taxes, recording vendor-related transactions, and bank deposits. The QuickBooks Team is always ready to offer guidance and support.
