How to categorize adjustment to annual fee on AMEX

We have an AMEX account in which we were just charged the annual fee, but they had to make an adjustment (refund) because they had charged the wrong amount.

How would you categorize this? The payee appears as "Adjust Membership Fee" and the amount as "inflow."

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  • Refunds (along with rebates and reimbursements) should be inflowed back to the original spending category to reflect a reduction of the total spending for that category in your reports and to properly calculate average spending.

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      • Amy
      • fadoozle
      • 7 mths ago
      • Reported - view

      nolesrule thanks. That's super helpful. I get it now.

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  • Hi Amy ! As an extra resource, I wanted to include a quick link to our HelpDoc on handling refunds to a credit card.

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      • Amy
      • fadoozle
      • 7 mths ago
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      • Reported - view

      Nicole thank you so much! That video gave me not one but two a-ha moments beyond my original question! Much appreciated.

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