How do I delete an overpayment in QuickBooks?
How do I clear an overpayment on an invoice? Select Plus icon (+) on the Toolbar. Under Vendors, choose Check. In the Account column, choose Accounts Receivable. Enter credit, prepayment, or overpayment amount in the Amount column. In the Customer column, choose the customer. Select Save and close. Click to see full answer. Similarly, you…
How do I clear an overpayment on an invoice? Select Plus icon (+) on the Toolbar. Under Vendors, choose Check. In the Account column, choose Accounts Receivable. Enter credit, prepayment, or overpayment amount in the Amount column. In the Customer column, choose the customer. Select Save and close. Click to see full answer. Similarly, you may ask, how do I account for overpayments in QuickBooks? Here’s how: Go to the Plus (+) icon at the upper right. Choose Cheque under Suppliers. In the Payee column, select the customer. Choose Accounts Receivable in the Category column, In the Amount column, enter the overpayment amount. Click Save and close. Likewise, how do you record overpayment in accounting? When you raise an overpayment within Accounting, it will record the amount as a payment on account. Whether it is a customer or supplier this amount will sit against that contact until you use it to either allocate it against another outstanding invoice or record a refund. In this regard, how do I undo an unapplied payment in QuickBooks? Unapplied Cash Payment Refunds Go to the Create button, then select Check. In the Choose a payee field, enter the customer’s name. Select Accounts Receivable under the Account column. Enter the amount you want to refund. Click Save and Close (please see sample screenshot below). How do I record an overpayment to a vendor in QuickBooks online?To record an overpayment to a vendor, log in to your Quickbooks account and choose Vendors > Enter Bills, at which point you can select the vendor to whom you made the overpayment. Next, choose “Minor Charge-Off” in the “Item” field, followed by clicking “Save & Close.”
