Entering a refund from an overpaid supplier

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  • Updated 1 year ago
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I overpaid a supplier. They have refunded most of the overpayment so far. The overpayment is visible in the suppliers list. The part refund is showing in the bank statement. How do I enter the repayment against that supplier. I read the posts and it seems quite complex. Any simple instructions out there
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Jonathan Galt

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Posted 1 year ago

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record the refund on a deposit slip allocate to the relevant accounts payable control account. Now you will be able to assign the credit to this transaction.