If you purchase books or materials for your studio, and then later return those for a full (or partial) refund, you should record this transaction in the Expenses and Other Revenue section.

A refund is a special type of expense transaction because it reduces your studio expenses (as though the original purchase was for a lesser amount). It should not be recorded as revenue.

Here's what to do:

  1. Navigate to "Expenses & Other Revenue" from the main menu on the left.
  2. Click the "+ Add" button and select "- Add Expense" from the drop-down menu.
  3. Enter the payee, date, and amount of the refund.
  4. Select the "Refund" checkbox (to the right of the "Amount" field).
  5. Click "Save".

You should see the refunded expense appear as a negative value in your studio's expense column.