How to accept a refund from a Vendor [FAQ]

If a refund only and do not need to give back to client: 

1. create a Journal Entry to debit cash and credit COGS/Expense account.

If a refund and you need to give back to client:

1. create a Journal Entry to debit cash and credit COGS/Expense account.
2. enter a Misc Cost on the related project with negative net/gross to bill back to the client.

If vendor is a 1099 vendor and do not need to give back to client:

1. Add a New Payment for the Vendor
2. Enter Check Number: ex. "Refund + xx"
3. In Check Amount field enter the negative refund amount ( Refund is $100>>enter -100 )
4. SAVE
5. Add Expense> select appropriate Item for the refund amount
6. Save and POST

If vendor is a 1099 vendor and you need to give back to client:

1. Add a New Payment for the Vendor
2. Enter Check Number: ex. "Refund + xx"
3. In Check Amount field enter the negative refund amount ( Refund is $100>>enter -100 )
4. SAVE
5. Add Expense> select appropriate Item for the refund amount
6. Save and POST
7. enter a Misc Cost on the related project with negative net/gross to bill back to the client.