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.
- Open Money → Check your books → Refunds for something you bought.
- Each refund is shown next to the cost it seems to match.
- Tap Net against original if it is a refund for that item. The cost goes down (and, for equipment, the AIA too).
- Tap Keep as income if it is not a refund. It stops asking.
- 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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