Credit Card Refunds: Generated Transactions
As you process credit card refunds, you create and release a document with the Refund type. To update the customer balance, the system generates the GL transaction described in the following section.
Transactions Generated for a Credit Card Refund
When you create and release a refund for a credit card payment, the system generates the following general ledger transaction:
| Account | Source of Account | Debit | Credit |
|---|---|---|---|
| Credit Card account | GL account linked to the cash account specified for the original payment on the Payments and Applications (AR302000) form | 00.00 | Amount |
| Accounts Receivable | The account specified in the AR Account box on the Financial tab of the Payments and Applications form | Amount | 00.00 |
You can view the reference number of the GL batch on the Financial tab of the Payments and Applications form.