Excel in Accounting – QuickBooks Training for Success
  • HOME
  • BLOG
  • FAQ
  • TOP 5: DESKTOP VERSION
Select Page

Sales Returns and Allowances

by Online Tutorial & Training Guide | Nov 10, 2025 | Chart of Accounts, Expenses, Terminologies

Represents reductions in sales revenue due to returned goods or price concessions. A contra-expense account that offsets revenues. Important for tracking customer satisfaction and product quality issues.

  • Sales Returns and Allowances
  • Useful Life
  • Credit Note
  • Freight and Shipping Expense
  • Interest Income
  • Direct Costs
  • Royalty Income
  • Variance Report
  • Accrual Basis Accounting
  • How to Input Company Details in QuickBooks Online

IMPORTANT! MUST READ:

Use of and/or access to this Site—including its content, tutorials, guides, or posts—constitutes your agreement and acceptance of all the provisions of our Terms and Conditions of Use, Privacy Policy, Disclosure, Disclaimer, and Affiliate Disclosure.

Educational Purpose Only: All information provided on excelinaccounting.com is for educational and informational purposes only and does not constitute legal, financial, accounting, tax, or other professional advice. Always consult a qualified professional before acting on any information from this Site.

Transparency & Affiliations: excelinaccounting.com is an independent educational resource. We may display third-party advertisements and participate in affiliate programs, which means we may earn commissions if you click a link and make a purchase—at no additional cost to you. Compensation does not influence our editorial integrity or the accuracy of our tutorials.

Non-Affiliation & Trademarks: We are not affiliated with or endorsed by Intuit Inc., QuickBooks, Microsoft, or any other software publisher mentioned on this Site. All trademarks, logos, and brand names are the property of their respective owners and are referenced solely for identification or educational purposes. The word “Excel” in our domain name is used strictly as a verb meaning “to succeed or do well” and does not refer to or imply any connection with Microsoft Excel or Microsoft Corporation.

Liability Disclaimer: The Site and its content are provided on an “as-is” and “as-available” basis without warranties of any kind. We disclaim liability for errors, omissions, or consequences arising from your use of or reliance on our content, links, or third-party services. All legal pages on this Site are designed to complement one another; in the event of conflict or ambiguity, the management of excelinaccounting.com reserves the sole and exclusive right to interpret and apply them. If you do not agree, you must not use or access this Site.

  • HOME
  • ARTICLES
  • ABOUT US
  • TERMS OF USE
  • GEN. DISCLOSURE
  • AFFILIATE DISCLOSURE
  • DISCLAIMER
  • CONTACT US
  • PRIVACY POLICY
  • FAQ
  • Facebook
  • X
  • Instagram
  • RSS

EXCEL IN ACCOUNTING | Site Map