Recently, I received this question:
The situation:
I bought inventory and pre-paid the invoice with a credit card. When I received the inventory, they said they had misquoted me and refunded me $50.00 on the order. The refund was made back to the credit card that was used to pay for the order.
The question (in two parts):
- This is a refund on the the whole order, not just a handful of the inventory items (i.e. I am not returning anything, I’m just getting some money back on the job overall). Do I handle that by using Bill–>Misc and entering negative $50 as the bill, which generates a return credit to me? AND
- If I do that, I am then being asked to to apply that $50 to one of my accounts, but which one?