Do refunds get automatically deducted from monthly total sales?

[minimikimusic]

Does anyone know if refunds issues get deducted from your total monthly sales for that month? eg. An item sells on the 5th Feb for $50 and the item is faulty and you issue a refund. Does the $50 be deducted when the total sales for February gets released on sales reports?

Thanks,

[lyndal1838 · Accepted solution]

If you mean are refunds taken into account when the sales figures are reported to the ATO then the answer is no.....all sales are reported and it is only when you do your tax return that you take refunds into account.