Many users have asked how to classify a “return” in Rentastic. This is very simple. For this example, we’ll assume you purchased materials at Home Depot for $200. After the completion of the project, you have $50 in leftover materials that you return back to Home Depot.
The returned items will result in a “credit” inside of Rentastic. This will appear as a separate transaction of $50, but in a positive amount. To classify this, simply record the transaction as the exact same category as the original expense.
Say the original -$200 expense was classified as “Maintenance/Repairs”. Also classify the return as “Maintenance/Repairs”. Rentastic will then take care of the rest!
Come tax time, this will result in a total deduction of $150 (-$200 + $50), and will be shown on your Profit/Loss report as such.