Refund to a Credit Card Account

[Michael Sanders]

anMoney Faithfuls, how do you all handle a refund to a credit card account.  I just completed my first Accounting class and decided to start a new anMoney Book and try to keep it organized using accounting principles.  Prior to my Accounting class, i would treat refunds to my credit card and "Other Income".  But, refunds to a credit card isn't really income.  So, with my new book, I created an expense called "Credit Card Refund/Return".  For each credit card refund, I use this expense and select "Credit".

Please share how you handle credit card returns.

Thanks,

Mike

[Octavio Sampaio]

Michael

I use other incomes/ reimbursement.

This works well for me

Best regards

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