How to categorize a returned payment into the same expense account
Example - I pay Google
$200
and record that payment under the
Advertising account
. Then, the
$200
is refunded (for whatever reason) back to my bank account. This "refund" should be categorized also under the
Advertising account
to balance-off the actual expense. However, Zoho Books does not allow me to record the refund under the same account (i.e.,
Advertising account)
. Xero and Quickbooks allow you to do this which in my opinion is better than creating an "Others" account as I’ve seen being suggested in older similar posts here.
Are there any plans to implement this way of doing things in Zoho Books?
This is what's keeping me from joining Zoho as a paid subscriber.
Thanks!
Xavier
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