Methods to record a vendor refund in QuickBooks.We are going to learn how to record a vendor refund in QuickBooks for all the above mention scenarios. The vendor can send you a refund check for the returned inventory items, the vendor can send you a refund check for a paid bill, the vendor can send you a refund check on behalf of another vendor, the vendor can send you a refund check which is not related to the existing bill, and the vendor can send you to refund as credit card credit. Now, it’s interesting to know that what type of vendor refund do you want to record? Here are some types of refunds that the vendor can send you. So, now we know how to treat vendor refunds but we still don’t know how to record vendor refunds in QuickBooks? This article is going to majorly focus on this particular topic so that you can record a vendor refund in QuickBooks by yourself. Vendor refunds are not income, you should always treat vendor refunds as a credit in a way that it will be adjusted with the original transactions which you did from your account. Getting a refund from a vendor? And having trouble with how to record it into your QuickBooks? Many of us are still confused, is the vendor refund credit or an income?
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