PSA L&P - Credit Cards: How to reverse a charge or enter a refund

How to Refund a Credit Card charge (this also applies to voiding a charge).

Here is an example starting with the initial charge which was entered in September.

On the date you receive the refund, enter a negative charge.

chargeinfo.jpg

Then, mark both on the Credit Card Reconciliation.

Mark the transactions when they appear on the credit card statement. If they will not appear on your credit card statement (voided transactions) you can clear them by marking the positive against the negative amount.

Related Articles

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Credit Card: How to reverse a charge or enter a refund

Credit Card Reconciliation Process

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