How do I get a refund on an expense to show up as a credit on my profit/loss report? How do I delete a post that I already found an answer to?

Hello trucoid.hr,

Recording a refund correctly helps avoid discrepancies in your books and makes sure it reports to your Profit and loss report accurately. QuickBooks Online is a great program that helps you make your books as organized as possible so that the reports you generate are easy to understand. I can assist you with entering your transaction.

If the refund you received from your supplier was made to your credit card, you can navigate to the +New button in the top left, then select Credit Card Credit. Choose the expense account you want to use in the Category menu and add the amount and tax to the transaction.

If you received a refund to your bank account, you can follow the steps outlined in this article about how to enter a refund from a supplier that explain the process in detail.

If you want to have it show up in your Profit and loss report as its own line, you can add a new expense account called Refunds in order to keep them separate. You can do this by navigating to Accounting in the left column, then Chart of Accounts. Click the New button located on the top right, then add the information of the new account.

If you have any more questions, please reach out here and I'll be happy to assist.