how to enter cash back rewards in quickbooks

A little web research brought up two approaches for recording credit card cash rewards in QuickBooks.
For example, if you take a trip and spent a lot on airfare, you can apply the reward refund to that same travel expense category that you originally used for the transaction.
When I imported the refund transaction into QuickBooks, I was at a loss as to where to put the rebate. .You want to leave the remainder in QuickBooks so you can keep track of the rewards earned and used.Save the Bill, go to Vendor / Pay Bill discount bank ramat aviv to pay the bill for repairs with the reward money value received.My experience includes bookkeeping for restaurant, website design service, bookkeeping, house cleaning, and marketing businesses.By clicking on or navigating this site, you accept our use of cookies as described in our cookie policy and privacy policy.Entering a bill as usual, you can then use these points or rewards to pay an expense.Cookie Policy, bankrate UK uses cookies to ensure that you get the best experience on our website.GPA.0 or higher, a/B/C/D/F, average grade of B or higher 0 - 100.Read More, author: Jamie Pollock.You have earned 170 in rewards.Select the date for the payment.Author: Alicia Katz Pollock, alicia blends the skills of technology, the art of communication, the patience of a trainer, the wisdom of a business consultant, and the detailed eye of an obsessive-compulsive discount cold steel knives to bring you the finest in business solutions.James Jamie Pollock has more than 15 years of experience developing and implementing communication strategies, corporate training curricula and Internet-based solutions for companies such as Jantzen, Symantec, and Intel.I also use QuickBooks to track my personal finances.Terms of Good Grade Reward Offer are subject to change.Select the Bill you entered from above.By, alicia Katz Pollock on in, tips Tricks, i just got a new credit card that gives me cash back, a percentage of the money I spend.3 Microsoft Word Selection Techniques You Should Be Using.Check Current Assets for balance of XYZ Rewards.77 (170 102.23).Vendor: XYZ Car Dealership (same as the Journal Entry from above).
About Alicia Katz Pollock, view all posts by Alicia Katz Pollock.