How to Issue the credit memo for over payment? Journal entry?

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Hello,

By mistakenly paid more than invoice value. How to Issue the credit memo to get excess amount from the vendor. And we are not going to adjust forther invoice also. What is the entry of credit memo to adjust over payment.

For example

Invoice value is 1000 and payment made 2000 wrongly. Now how to issues credit memo for overpayment
Replies (1)

You send a credit memo online or via post. Then make rectification entries.


CCI Pro

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