Handling overpayments from customers

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Question

How do I handle an overpayment from a customer?

Answer

If a customer sends you more money than he or she owes, there will be an amount left over in the Receive Payments window after you have applied the payment to invoices. Reckon Accounts keeps track of the credit amount so you can apply it the next time the customer owes you money.

To handle the overpayment: 

1. From the Reckon Accounts Customers menu, choose Receive Payments.

2. Fill in the Receive Payments window with the appropriate information. Enter the entire payment in the Amount field. Apply as much of the payment as you can to outstanding invoices. The leftover amount will display as an Unapplied Amount in the lower right corner of the window.

3. Click Save & Close.

4. To apply the overpayment, you can either wait until you have a future invoice to apply it to, or issue a refund check for the overpayment amount.

How did we do?

Processing GST and other charges on Imported Goods

Assigning default Tax codes to accounts

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