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allinclusive
Level 1
posted
‎July 16, 2021 11:59 AM
last updated ‎July 15, 2021 6:59 PM

Supplier overpayment

I have paid a supplier twice for the one invoice.  There are no outstanding bills on the account to apply the overpayment to.  How do I match the bank transaction (the overpayment) to create a supplier credit on the suppliers account.  Thank you

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1 Comment 1
Nona_O
QuickBooks Team
QuickBooks Team
‎July 16, 2021 01:22 PM

Supplier overpayment

Hi allinclusive,


Thank you for visiting Quickbooks Community.


To record supplier overpayment, first we create a supplier credit. Then we make a bank deposit if you receive the refund from your supplier. Lastly, link the Supplier Refund Deposit to the Supplier Credit. This article link will guide you on how to record the transaction with supplier credits and refunds https://quickbooks.intuit.com/learn-support/en-au/pay-bills/how-do-i-handle-supplier-credits-and-ref...

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