Drain 1 cup of salsa in a fine-mesh sieve over the sink to prevent the dip from becoming soggy. Mix the remaining salsa with refried beans and spread in an 8x8 or 9x9-inch casserole dish or a 2-quart baking dish.
Spread guacamole on top, then mix sour cream and seasoning in a small bowl and spread over the guacamole.
Top with layers of strained salsa, cheese, olives, green onions, and cilantro. Chill for 30 minutes to 2 hours, then serve with tortilla chips.
Notes
Nutritional information does not include the tortilla chips.