Does the vendor refund credit for defective return go against COGS? Post author By Post date February 3, 2018 1 Comment on Does the vendor refund credit for defective return go against COGS? QuickBooks Help Questions › Does the vendor refund credit for defective return go against COGS? 2 Vote Up Vote Down Adam asked 3 years ago Does the vendor refund credit for defective return go against COGS in QBO? Related admin Staff replied 3 years ago Yes, if the original transaction was recorded to COGS account. Normally, credit should also be recorded in the same way. GREEN Your Answer 0 + 12 = Your Email Your Name Public Only Me & Admin ← Converting Customer Estimate to Purchase Order missing Customer Information → When I click UNDO banking transactions from the Excluded column where do they go after that?
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Adam
Yes, if the original transaction was recorded to COGS account. Normally, credit should also be recorded in the same way.
GREEN