Restocking fees

If you need to account for a restocking fee; then please follow the steps below:

How to account for restocking fees

  1. Set up a new service product called Restocking Fee
  2. Create a new account code related to stocking fees via Accounting > Chart of Accounts
  3. Create a sales credit for your customer
  4. Add the Restocking Fee product to the order
  5. Choose your new account code in the sales nominal code dropdown
  6. Insert a negative price value against this line on the credit (ie -10.00 to specify a negative value of $10)
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