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Community > Accounting >

Offset of refund

Started by Chun Huat Tan -   in Accounting

Hi,

I have an e-commerce platform whereby the sales proceed is collected by a payment gateway on behalf.

We processed several refunds after these amount had been settled and payment gateway refunded the amount. However, this amount was offset against my new sales proceed.

May i know how can i record these in Xero?

Thanks.

Regards,
Chun Huat