Allow refunds to be entered as an expense item in the case of a purchased item being returned to a vendor/retailer
Expenses should be allowed to be negative in the event of a refunded. When this event occurs in the same reporting period the original amount can be adjusted but if a refund is issued after the original transaction has been reported and approved, a separate expense item should be created to allow for adjustment.
Anonymous
shared this idea
Hi,
Greetings from Zoho Expense.
We are now supporting negative expenses in Zoho Expense. The refund credit card transactions also would be fetched by the application.
Kindly write back to us at if you have any questions.
Regards,
Zoho Expense Team
-
Sean Gray
commented
This would be very helpful! Negative expense items - whether it is automatically combined as the previous post recommends or is always a separate line item.
-
Tricia Holifield
commented
UPON RECONCILIATION THIS FEATURE IS MUCH NEEDED