24 Oct 2017
I am sure you must have gone through the phase wherein you overpaid your taxes and now received a refund. And I am sure that you are still facing the same issue that’s why you have landed on to this page to check out how to record them within quickbooks. When you enter the refund within the program correctly then it automatically corrects your liabilities side of the balance sheet. Here is the step by step process of how you can record tax refunds in Quickbooks:
Now here is what happens, when your taxes are overpaid then your balances on the liabilities side declines. When you record the refund then the software raises up your liabilities and your balance on both the asset and the liabilities side matches.
Hope now you had clarity over what how to record your tax refunds within the program. But if you demand any further help then do get in touch with Qbpro.ca. You can also talk to our quickbooks proadvisors and get an immediate help. To connect with them dial our Tollfree helpline number at 1800-940-7442.
What is Qbpro?
We are a Quickbooks consulting firm that takes care of all the issues that people might ever face within the program. If you are using Quickbooks and are continuously faced with bugs then we are here to resolve. You can connect with us for errors related to Quickbooks, Technical issue or Accounting Issues within the software. Get in touch with us via:
Here is what people have to say about us.
Though we serve throughout the world but our clients majorly comes from Canada, USA, and the UK.
Disclaimer: QBpro.ca is a reputable QuickBooks® Consulting firm that provides professional support services related to your accounting software. It is also a front-runner in providing 3rd party technical support services for quickbooks.
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