Credit card late payment fee refund

Feb 10, 2007 1 Replies

QB 2002: I paid a credit card bill that included a late payment penalty, and split the transaction to post the penalty to administrative expense. The penalty was canceled and we received a refund check for the penalty amount. How can I enter this to apply the credit to the administrative expense account?



Thanks for helping



In the Make Deposits window use the account you coded the charge to originally.

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