You received 2 checks in the mail and they need to be recorded into QuickBooks. One is a payment from an accounts receivable customer. The other is a hardware purchase rebate. You enter the customer payment into “Receive payments” and open “Record Deposits”. The customer payment shows in the payments window. Now you need to record the rebate check.
8. Which process is the best way to record the rebate check?
A. Add the rebate check manually into the “Record Deposits” window.
B. Create an invoice for the rebate and run it through the same process as the customer payment.
C. Make two deposits and add the rebate directly into the check register as its own deposit.
D. Make a journal entry to record the rebate deposit and the offsetting reduction in hardware expense.