How do you treat ‘Over Payments’

How do you treat ‘Over Payments’ from customers? In our old system when a customer paid an invoice that was already cleared with a payment or credit we could manually key that invoice back onto their A/R account. In doing this the invoice/credit would show back up on their statement.

Rookie Asked on August 5, 2022 in Accounting.
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1 Answer(s)

Just issue a credit memo

Advanced Answered on August 5, 2022.
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