If you’ve made an excess/advance payment to a vendor and the vendor refunds a part or the entire excess/advance payment, you can record the refund under Payments Made. To record an excess/advance payment:
The refund will now be recorded under Payments Made.
If you return goods or services to a vendor, or if you cancel an order, the vendor will provide a refund for your purchase. In Zoho Books, you can record the refund as vendor credits, which you can use for future transactions with the vendor. However, if you’ve requested a refund and the vendor has issued it, you can record it in Zoho Books under vendor credits. Here’s how:
The refund will now be recorded under Vendor Credits.
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