Re: Journal entry for over payment

On Thu, 2006-05-18 at 13:24 +0200, Penguin Products wrote:
> Hi
> 
> We have been over paid by 40 cents on an invoice and it is not practical to
> give back change as it has been paid via an EFT. On my old system I would
> create a journal entry that Debited the bank by 40c and credited the
> customer by 40c. Is their a facitilty or a way to  do this on Sql-Ledger bar
> creating an invoice for 40c to make everything balance.
> 
> Thanks for any help in this regard
> 

IIRC from my accounting training, it is acceptable to have a cash
over/under account that can be used to collect items like this.
Overpayments make the account balance increase, and underpayments
decrease it.

 At the end of the accounting period a single gl entry to zero that
account will keep everything balanced.


> Tim
> 
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