Taxes on refunded items

AmbiEscents

Hi there, i sold some items (tax included) but did not do an official invoice for it. The order was then cancelled so i refunded the money paid. Do i add a tax charge to the refund amount like i did when i entered the initial payment when reconciling the transaction? appreciate any help
thanks

JulianP

Hey there @AmbiEscents !

To record an invoice payment, you can create an invoice in Wave if you haven't already, mark it as paid manually, then record a refund for the invoice. To record a refund, head over to your Accounting > Transactions page and create an expense transaction with the amount you refunded to your customer. Enter the appropriate information in the required fields. For the category section, select Refund Sent for an Invoice in Wave. Once recorded, the refund amount will be displayed on the invoice itself in brackets and your accounts will balance out.