Say you bought an item for £10 on credit card on 1 June. On 5 June you return the item but instead having the money back you buy groceries for £50. Because you returned the item for £10 you only pay £40. Thus the credit card shows a transaction of £40. How would you enter this transaction? I hope this makes sence.
Thanks, the problem with refund is that when reconciling the accounts the transaction do not match up. Bu thats how I have bee doing it