5 months ago
Refunds In Bank Feed
I'm quite new to MYOB and especially bank feeds. The company I work for uses bank feed to apply deposits and withdrawals to the corresponding invoices. We had a customer over pay her invoice by bank...
Hi Mk94,
Welcome aboard to MYOB! Bank feeds are super handy for keeping your records straight. If you spot a refund in your bank feed, you can link it to the right invoice by making a 'Spend Money' transaction for the refund. Then, pair this transaction with the invoice in your bank feeds. Now let's break down the answers to your questions.
For a deeper dive into this process, check out this article about supplier returns, debits, and refunds. Feel free to ask if you have more questions!
Kind regards,
Shella