How do i enter a return on my credit card? The purchase was made in the previous month and the return was made on this months bill.
Good morning Lacey!
If you track your credit card sort of like a bank account, then you will want to enter the return as a deposit to your card. Set up the deposit as you would with any other deposit. The type will be EX, and you can use the same account that you would have used for the original purchase. The line will be negative instead of positive, telling the system that the expense is being reduced.
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Let me know if you have any questions about this process. Thank you very much!