Out of the box, Connex will sync refunds as either a credit memo or refund receipt.
How do I configure refunds?
Refund syncing is enabled out of box. To adjust settings, here are the steps:
- Login to your Connex account.
- Select your existing connection, then click manage.
- Scroll down and click on the refund drop down.
What is the difference between a refund receipt and a credit memo?
If you perform a credit card refund, then you should sync a refund receipt. These refunds credit undeposited funds. When you match deposits to QuickBooks sales, the refund will match a refund on the deposit.
A credit memo will decrease a customer's balance. If you create a credit memo, you give the customer a store credit. You can either send them a check or use the credit towards another purchase.
How Does Connex Handle Refunds?
The system will make a refund receipt or a credit memo for invoices with payment.
- If you cancel or refund an order in your order management system, Connex will sync the order.
- Connex tries to match the order number to an existing order in QuickBooks.
- If Connex Connector succeeds, then the refund is created. Otherwise, the system skips making the refund. If there is no matching order, there is nothing to cancel.
Here is an example transaction:
As of July 5, 2016, customers have the option to sync the original order if it is missing. See the settings above this paragraph.
A canceled order negates an order in QuickBooks. If there is no matching order, there is no order to negate. Here is an example:
- On August 1, Joe Smith make order 123.
- On August 11, Joe Smith's order is fully refunded.
- You run the sync from August 11th to current day.
- Since our software only received a canceled order and the order 123 never synced, our software skips to the next refund to process.
Number four makes logical sense. If you created a refund for a non-existent order, QuickBooks would say you owe the customer money.
How do I deposit refunds into a refunds account?
You can map all SKU's from a refunded order to a single item, which has a contra-income account. For instructions, read this guide.