Refunds for something you bought

Net a refund against the original cost instead of counting it as income.

A refund for something you bought for the business is not income. It lowers what the item cost.

  1. Open Money → Check your books → Refunds for something you bought.
  2. Each refund is shown next to the cost it seems to match.
  3. Tap Net against original if it is a refund for that item. The cost goes down (and, for equipment, the AIA too).
  4. Tap Keep as income if it is not a refund. It stops asking.
  5. Changed your mind? In Refunds already netted, tap Count as a refund again.

Some matches are weak guesses. Only net a refund you recognise. Refunds are never matched across your self-employed and company books.

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