Quickbooks Situation

Situation - You need to write a refund check for an upfront deposit for a job (order) that was cancelled.

Here is a tip that might be able to help you out.

1. Create an invoice for the customer.
2. On the invoice, enter the item for the cancelled project or work.
3. Create a credit memo for the entire amount of the deposit.
4. Apply the credit to the invoice
5. Open the credit memo again and from there create a refund check (use a liability account under the EXPENSES tab.

If you have problems or this is not resolving your issue, please call us at MCDA Cre8tive Consulting Group, Inc. and one of our talented consultants will be happy to assist you.