Refund Spend Money

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Experienced Cover User AndrewSimms
16 Posts
Experienced Cover User
AndrewSimms
Experienced Cover User

16Posts

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Refund Spend Money

How do I record a refund with the spend money function in banking?  This is not a purchase.

 

For example I have a withdrawal and a deposit both for $500.00 in bank feed.

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MYOB Moderator Steven_M
21,561 Posts
MYOB Moderator
New Zealand
Steven_M
MYOB Moderator

21561Posts

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Re: Refund Spend Money

Hi @AndrewSimms


If the refund is for an existing Spend Money transaction you could reverse out that Spend Money transaction via ensuring that "Transactions can't be changed they must be reversed is ticked" (Setup>>Preferences>>Security) and navigating to the required transaction to go Edit>>Reverse Transaction then recording the reversal.

Alternatively the opposite of a Spend Money transaction (which results in most cases in a withdrawal) is a Banking>>Receive Money transaction (which will generally result in a deposit).


Kind Regards,
Steven
MYOB Client Support
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