How exactly to record a vendor refund in QuickBooks
Quickbooks desktop users are able to Record a Vendor Refund in QuickBooks you get from a vendor. Find the appropriate scenario and proceed with the steps to record the refund in QuickBooks correctly.

Procedure 1: The vendor provides you with a refund look for a paid bill
Record a Deposit associated with vendor check:
Go the banking menu and click make deposits.
The payments to deposit window may appear, click ok.
Go right to the make deposits window, click on received through the drop-down and choose the vendor who sent you the refund.
When you look at the from account drop-down, select the appropriate accounts payable account.
Go right to the account column, fill the actual number of the seller check.
Enter a memo, the check number, the payment method, as well as the class although this is optional.
Click save and close.
Record a Bill Credit for the refunded amount:
Go to the vendor’s menu and select enter bills.
Find the credit option button to account fully for the return of products.
Enter the vendor name.
Click the Expenses tab and go into the accounts from the original bill.
Go to the amount column, go into the appropriate amount for every account(the amounts might have to be prorated).
Click save and close.
Link the deposit to your bill credit:
Go to the vendor’s menu, select settle payments.
Verify the deposits that match the vendor check amount.
Select Set credits and apply for the bill credit you created earlier then click done.
Click on pay selected bills, then click done.
Procedure 2: The vendor sends you a refund search for returned inventory items
Record a Deposit associated with vendor check:
Go right to the Banking menu, select Make deposits.
Then the Payments to Deposit window may appear, click OK.
Go directly to the Make Deposits window, click the Received from the drop-down and select the seller who sent you the refund.
Go right to the From Account drop-down, select the appropriate Accounts Payable account.
Go directly to the Amount column, enter the actual level of the seller check.
Go into the remaining information in the Deposit account.
Click Save & Close.
Record a Bill Credit for the returned items:
Go to the Vendors menu, select Enter Bills.
Choose the Credit option button to account fully for the return of products.
Go into the Vendor name.
Go through the Items Tab.
Enter the returned items with similar amounts while the amount regarding the refund check.
Click Save & Close.
Link the deposit to the Bill Credit:
Go right to the Vendors menu, select Pay Bills.
Verify the Deposit that matches the Vendor check amount.
Choose Set Credits and apply the Bill Credit you created earlier.
Click Done.
Click on Pay Selected Bills then click Done.
Procedure 3: The vendor sends a refund check that is not linked to an existing bill
As an example rebates, reward incentives, refunds, reimbursements, or checks issued by vendors to cash out a current credit.

Record a Deposit associated with vendor check:
Go right to the Banking menu, click Make Deposits.
Then the Payments to Deposit window may seem, click OK.
Go directly to the Make Deposits window, click the Received from the drop-down and choose the vendor who sent you the refund.
Go right to the Account drop-down, choose the appropriate Accounts Payable account.
Go directly to the Amount column, go into the actual level of the seller check.
Enter the other countries in the information in the Deposit.
Click Save & Close.
Record a Bill Credit for the actual quantity of the Vendor Check:
Go right to the Vendors menu, select Enter Bills.
Choose the Credit option button to account fully for the return of products.
Enter the Vendor name.
Click the Expenses Tab and enter the Accounts you would normally use for refunds.
Note: If you are not sure which account to choose, we recommend you to contact your accounting professional.
Go directly to the Amount column, enter the appropriate amount for every single Account (the amounts might have to be prorated.)
Click Save & Close.
Link the Deposit to your Bill Credit:
Go directly to the Vendors menu, select settle payments.
Verify the Deposit that matches the Vendor check amount.
Choose Set Credits and apply the Bill Credit you created earlier.
Click Done.
Click on the Pay Selected Bills then click Done.
Procedure 4: A vendor sends a refund check up on behalf associated with the original Vendor
Create a deposit when it comes to vendor who sent the refund check:
Go to the Banking menu, select Make Deposits.
the Payments to Deposit window may seem, click OK.
Go right to the Make Deposits window, click the Received through the drop-down and select the vendor who sent you the refund.
Within the From Account drop-down, find the appropriate Accounts Payable account.
Go to the Amount column, go into the actual level of the refund.
Enter a memo, check number, payment method and class although this is optional.
Click Save & Close.
Create a Bill for the quantity of the Deposit and apply it to your Deposit:
Go to the Vendors menu and select the Enter Bills.
Go right to the Vendor field, pick the vendor who has got sent the refund.
Go right to the Amount Due field, then enter the amount of the refund.
Click the Expense Tab.
Go to the Account field, select a Wash account.
Go to the Amount field, enter the level of the refund.
Click Save & Close.
Now go right to the Vendors menu and choose Pay Bills.
Select the Bill and then click from the Set Credit.
Choose the Credit and press Done.
Click Pay Selected Bills and then click Done.
Create a Credit for the Original Vendor:
Go to the Vendors menu, select regarding the Enter Bills.
Select the Credit option button.
Go right to the Vendor field, select the vendor who sent the refund.
Go to the Credit Amount field, enter the amount of the refund.
Go through the Expense Tab.
Go directly to the Account field, choose the account used on the original Bill.
Go right to the Amount field, enter the actual quantity of the refund.
Click Save after which Close.
Create a Bill for the quantity of the Credit that is affecting the Wash Account and then apply the Bill into the Credit:
Go directly to the Vendors menu, select Enter Bills.
Go to the Vendor field, find the vendor who sent the refund.
Go to the Amount field, enter the amount of the refund.
Click on the Expense Tab.
Go right to the Account field, select a Wash account.
Go right to the Amount field, go into the amount of the refund.
Click Save & Close.
Go to the Vendors menu and choose Pay Bills option.
select the Bill and then click regarding the Set Credit.
pick the Credit and click Done.
Click Pay Selected Bills and then click Done.
Procedure 5: the seller sends you the refund as a charge card credit
Go directly to the Banking menu, select Enter Credit Card Charges.
Through the charge card drop-down, find the bank card account.
Find the Refund or perhaps the Credit option button.
Pick the appropriate Vendor name and go into the Date, Reference Number additionally the Amount.
Enter a relevant memo to explain the transaction.
For those who have returned Items, click on the Item Tab and go into the Items and Amounts from the refund.
In the event that refund doesn't have Items, click on the Expenses tab, choose the appropriate Accounts and enter the Amount.
Click Save & Close.
If you are not sure about it pose a question to your accountant, or get help how to locate an accountant.

Conclusion
We hope these steps will assist you to how exactly to record a vendor refund in QuickBooks desktop however, if you are still unable to take action, you are able to contact the QuickBooks Pro-Advisors team. A team of experts can be obtained day-in and day-out to produce relevant and reliable solutions for several types of QuickBooks related issues.