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Credit memo's what item must i create to use in my credit memo's so that it will affect my tax accordingly? i have quickbooks pro 2004, and it doesn't make my tax less when i make credit memo's

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Re: Credit memo's

Hi Marli...

First I cannot answer your question specifically (what you have to do in Quickbooks) because my use of Quickbooks is further back in time. On the other hand (I assume) you are trying to do this to suppress income (give credits back to your customers) prior to filing a return. Your "accounting" problem (not quickbooks) is the account you are putting them in....cost of sales?? or elsewhere...refund? Think that through and you have your answer I suspect.

Posted on Jan 24, 2008

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