How do I record a refund for paypal in Quickbooks?

testkits
Contributor
Contributor

I am currently using Quickbooks Pro 2010 and I have already transfered money to my bank account for an order that was placed. The customer wants to cancel it and I have to give a refund but I don't know how to record it in paypal or what steps I need to do? Any help?

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1 REPLY 1

surplusdealdude
Advisor
Advisor

Use the refund link in the details page for the transaction.

 

Paypal should record it as a debit to sales and a credit to cash, if I remember my acounting properly.

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