Call Quickbooks Support And Know How To Refund A Deposit And Close An Invoice

In this article you will learn how to refund a deposit and close an invoice if you are a QuickBooks Payments user. To know more call on QuickBooks support at 1 (855) 441 4436.

Using QuickBooks Payments you need to create a credit memo to refund the customer's credit card to refund a deposit which has been processed by you. Now, you can apply the credit memo to the outstanding invoice.

To complete this process, go and read this section further.

Step 1: Create a Credit Memo 

FIRST STEP: To create a credit memo you need to refund the deposit : 

• Click on the Plus icon (+) present on the Toolbar.

• Select Credit Memo given under customers.

• On your invoice, click on the name of the customer.

• Check that the open balance of the invoice reflects less the amount of the deposit in the amount field.

• Click on Save and close.

Now, you have successfully created the credit memo. 

In the next step you need to refund the amount that was deposited to the customer's credit card.

Step 2: Refund the customer's credit card

In this step you need to refund the amount that was deposited to the customer's credit card.

• Click on the Plus icon (+) present on the Toolbar.

• Select Refund Receipt under customers.

• Select the customer's credit card type from the Refund method drop-down list.

• Using one product/service item, complete the fields on the refunds receipt.

• In the Amount field, enter the amount of the deposit received.

• Click on Save and Close.

Now, you have successfully refunded the amount. 

In the last step you have to apply the credit memo to the outstanding invoice.

Step 3: Apply the credit memo 

To complete this process you have to apply the credit memo you created to the outstanding invoice:

• Click on the Plus icon (+) present on the Toolbar.

• Choose Receive Payment under customers.

• On your invoice, click on the name of the customer.

• In the Credits section, check that the credit memo appears and it invoice appears in the Outstanding Transactions section.

• Click on both the transactions.

• Click on Save and close.

Finally the process of refund is completed.

To know more on how to refund a deposit and close an invoice in QuickBooks online and then call Quickbooks Technical Support on toll free phone number 1 (855) 441 4436. Also, you can write us at support@quickbookconsulting.net. Feel free to reach us anytime; our team of executives is 24/7 available at your service.  For more information visit www.quickbookconsulting.net.