Amazon accounting - Quickbooks
Budget: $10 – $30 USD
I see a Sales Receipt for 0 dollars in QuickBooks. I know Amazon has sent a customer a replacement free of charge. But now after 30 days, Buyer did not return the item. Therefore, Amazon has issued a reimbursement to me. How do I record this entry so my Bookkeeping shows the following:
1 unit sold at $70
1 unit sent to buyer at $0
Total 2 units sent and then I got a reimbursement of $70 from the buyer with no inventory.
3 transactions, but 2 reflects inventory and third is income without inventory.
1 unit sold at $70
1 unit sent to buyer at $0
Total 2 units sent and then I got a reimbursement of $70 from the buyer with no inventory.
3 transactions, but 2 reflects inventory and third is income without inventory.