PC.3.I.4 - Credit Memos and Customer Refunds | Scribe

    PC.3.I.4 - Credit Memos and Customer Refunds

    • 0 step
    • Fast & Easy QBOFast & Easy QBO
    • QuickBooksQuickBooks

    The Sample Company

    To complete this exercise, you must be in the Sample company. To get into it, click on the Gear icon on the top right corner of the screen, then select Sample company.
    Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.

    Hands On Practice

    Now let's get started with the exercise. As a reminder, here is the scenario: Your client, Craig, asked you to help him create a credit memo for a partial refund for services.  Here’s what you need to know: - The customer is **John Melton** - The service was **Design work** - Craig billed the customer for **10 hours** of work—which the customer paid for—although his crew actually only spent **four hours** on the project You need to record the credit memo to credit the customer for six hours of design work.
    Click the "+New" button, then select "Credit memo".
    In the Customer field, select "John Melton".
    On the first line, in the Product/Service field, select "Design".
    In the QTY field, change the quantity to "6".
    Click the "down arrow" next to Save and send, then select "Save and close".

    🏋️‍♀️ Get More Practice

    This exercise was featured as an Exercise of the Week in the QBO Gym. Do more hands-on exercises just like this by joining our FREE, 5-day Bookkeeping Challenge. [Just click here.](https://www.fastandeasyqbo.com/gym5)

    📝 Feedback

    Questions/Problems/Concerns? [Send Feedback](https://www.bookwidgets.com/play/k6rmQMKk-iQAEzXMdagAAA/BEXUQBE/feedback-scrib?teacher_id=6434462993219584)
    0 Selected
    This Scribe is in tip-top shape!Leave feedback if there are any issues with this Scribe