A property I manage has sold. I need to write a check to the new owner for rents that were paid past the closing date. I don't know how to handle that. I use statements and just charged the tenants through the day before closing, so they have a credit. I need to write a check to the new owner and clear it up in QB.
You don't do anything differently for New Owner, than for Old Owner. You use the new Payee Name. Your initial Title states you already Overpaid the new owner; if so, you underpay next time, to have the Total of the two times be what it was supposed to be.
Using Statements and Charging Tenants should never give a Tenant a credit. That is a bit confusing. Tenants might get a credit from Overpaying their rent, of course. Credits are part of AR. If any customer name has a credit, you get to decide what is the next step for reality: Wait until their new charges are due, or refund that now.