{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/cfa6fe5ebfd349a79454b329dc4f64bf\" frameborder=\"0\" width=\"1662\" height=\"1246\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1246,"width":1662,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1246,"thumbnail_width":1662,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/cfa6fe5ebfd349a79454b329dc4f64bf-e074eb8dccfba799.gif","duration":199.659,"title":"Recording Vendor Refunds and Credits on Account","description":"This Loom explains how to record a vendor refund or vendor credit on account for a deposit originally sent to a vendor. It starts by checking the last recorded bill under Accounting then Vendor Deposits and Invoices on the Existing tab using the relevant purchase order, such as P.O. P.R.I.O. 2.0.0.0.2, which shows a Deposit Against P.O. entry for $77.48. To record the refund, the author goes to the New tab, selects Add then Deposit, fills in the PO number, and sets the deposit and due dates to the refund date (9-19-23), entering the refund amount as a negative value. It also covers how the refund is received through credit card, vendor credit on account (no check or wire details), or refund back to the bank using check details, with an example of a wire refund to 10,010 Bank of America checking."}