Item returned as faulty

i purchased an item and recorded it as an expense, this was later returned and refunded to me as faulty. how do i record this as a refund to myself?
many thanks

Posted by Leanne Browne on Oct 29, 2008 10:32 AM GMT

You need to create two transactions to handle this:

1. Create a Purchase Credit Note. Here is our help page on how to do this:
   http://www.solaraccounts.co.uk/help/how-to-record-a-purchase-credit-note.php

Note that the 'account' should be the same expense account that you used to record the original expense.

2. Create a supplier refund. Here is how to do this:
   http://www.solaraccounts.co.uk/help/how-to-record-a-supplier-refund.php

I hope this helps. Let us know if you need more information.

Posted by Mark McLaren (Solar Accounts) on Oct 29, 2008 10:58 AM GMT