WebJan 17, 2024 · From Bank Feeds Section Once the payment from the customer shows up in your bank feeds, go to that particular payment and click “Find &... Search for the … WebGenerally, your customer will not intend to reclaim this and there may not be any future invoices to set the overpayment off against. If the values are larger then post the …
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WebApr 23, 2024 · Overpaying your taxes throughout the year could result in a tax refund. For example, you pay $300 each quarter, and your tax returns show a tax liability of $1,000. The government owes you a refund of $200 because you paid $1,200 ($300 X 4 quarters) instead of $1,000 for the year. WebMay 6, 2024 · Reconcile the Refund as a Spend Money transaction using the same account as the Receive Money – Sales, a Suspense account or another account as was used. This … hammer core bit
Xero Supplier Overpayments and Refunds - YouTube
WebApr 5, 2024 · To post a customer refund from Banking Go to Banking, and click the applicable bank account. On the New Entry menu, click Expense/Payment to open the Payment (Outgoing money) page. Note: You can also create a refund by going to Banking and clicking Expense/Payment on the New Entry menu. WebOverpayments against a sale can be refunded to the customer or converted into customer credit, which can then be used against future invoices. NOTE: This method can also be used in order to refund VAT that has accidentally been charged to customers. Prerequisites: Set up Accounts and Account mapping Processing a sale (required) hammercore curseforge