Re: Credit Memo?

Richard Lyons <[email protected]>
Newsgroups gmane.comp.web.sql-ledger.user
Organization the-place
Message-ID <[email protected]>
On Saturday 14 September 2002 0:22, Matt Olander wrote:
> hi,
> 
> a customer over paid an invoice and we want to issue them a credit.
> how do we go about this in the system?

Simplest way I know is this.
                                              dr              cr
You presumably have already 
entered the invoice:           amount->  customer (A/R)     category
For the payment received, you 
can 'pay' the invoice:         amount->    bank         customer (A/R)
which will leave the excess
unentered.  So do GL, using
customer name in description:  excess->    bank              A/R
And then write cheque
and enter similarly in GL:      repay->    A/R              bank

Or use a special 'overpayments' a/c instead of A/R if you prefer.

But, if your cheques are written from the system, then I don't know what you 
should do.

The experts may have a better answer...
--
richard


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