insurance rebate or dividend
I'd like to know if insurance rebates (dividends) are treated as income or a vendor credit. Or is there some unique method of recording this type of transaction in QBO? These dividends are only given once a year, and only in years when our insurance provider (a cooperative nonprofit) has a surplus from the prior year. We receive a direct check from them for the rebate - it is not given as an offset to our insurance premium. Thanks for your help.