08/07/2026
Ever scratched your head over how to record a credit card refund in QuickBooks Online (QBO)? 💳🤔
Getting it right is crucial for keeping your books clean and accurate. Here is why you should always record those refunds properly:
✅ Prevents Fake Income: It ensures your reports don't accidentally inflate your sales or income figures.
✅ Lowers Expenses: It properly reduces the total balance of the specific expense account, keeping your data precise.
✅ Matches Your Balance: It reduces your overall credit card liability so that your books perfectly match your manual bank statement.
Don't let messy bookkeeping stress you out! If you need help getting your QBO records in order, Books by Wendy is here to support your business. Drop us a message or comment below to get started! 👇