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Sometimes mistakes happen. Vendors over bill us or we accidentally overpay them. If the vendor is a recurring one and the amount isn’t too high, they will usually issue a credit memo to be taken off the next month’s bill. This is easily handled in QuickBooks and other accounting systems, because it is so common. But sometimes, the vendor will issue you a check back. If you don’t need to send him a Form 1099 (for independent contractors) and it isn’t important from your management reporting requirements, you can deposit the check through the Banking, Make Deposits screen. Just be...

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