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Double payment for invoice

Forum|Forum|6 years ago
January 21, 2020
2 replies
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Hello,

A customer paid a £2000 invoice twice.

The payment has been returned to them but how is this processed on quickbooks?

Thanks,

M

QuickBooks Online

Best answer by paul72

from QB Help...

Refund a customer's overpayment or credit

You can record a refund to your customer using Cheque or Expense if:

They want to redeem their open credits.
They made a prepayment for an order but cancelled it before receiving the goods or services.
They want you to reimburse an accidental overpayment.

Using Cheque or Expense to record the refund reduces your bank's balance and offsets the customer's open credit, overpayment, or prepayment.

Step 1: Record the refund for your customer

Select the + New button.
Select Cheque or Expense.
Select the customer you want to refund from the Payee ▼ drop-down.
From the Payment account ▼ drop-down, select the bank account where you deposited the overpayment too.
On the first line of the Category column, select an Accounts Receivable.
Enter how much you want to refund in the Amount field.
Fill out the other fields as you see fit, then select Save and close.

Step 2: Link the refund to the customer's credit or overpayment

Select the + New button.
Select Receive payments.
Select the same customer you used for the cheque or expense.
Fill out the other fields as you see fit.
Under the Outstanding Transaction section, select the checkbox for the Expense or Cheque you created.
Make sure the payment is equal to the open balance, then select Save and close.

paul72Answer

from QB Help...

Refund a customer's overpayment or credit

You can record a refund to your customer using Cheque or Expense if:

They want to redeem their open credits.
They made a prepayment for an order but cancelled it before receiving the goods or services.
They want you to reimburse an accidental overpayment.

Using Cheque or Expense to record the refund reduces your bank's balance and offsets the customer's open credit, overpayment, or prepayment.

Step 1: Record the refund for your customer

Select the + New button.
Select Cheque or Expense.
Select the customer you want to refund from the Payee ▼ drop-down.
From the Payment account ▼ drop-down, select the bank account where you deposited the overpayment too.
On the first line of the Category column, select an Accounts Receivable.
Enter how much you want to refund in the Amount field.
Fill out the other fields as you see fit, then select Save and close.

Step 2: Link the refund to the customer's credit or overpayment

Select the + New button.
Select Receive payments.
Select the same customer you used for the cheque or expense.
Fill out the other fields as you see fit.
Under the Outstanding Transaction section, select the checkbox for the Expense or Cheque you created.
Make sure the payment is equal to the open balance, then select Save and close.

A

Ashleigh1

Hi Marciasca,

The answer would depend on how the amount was received, was it received in two amounts or one large amount?

If it was received as two separate payments you would allocate one of the payments to your invoice. The second amount would be allocated to the debtors account, select New+ icon > deposit > in the add funds to this deposit enter the name of the customer you received the amount from in the received from column > select the debtors/accounts receivable in the account column > enter the d ta in the remaining fields as required.

Then when returning the over-payment to the customer, select New+ > select Expense in the Payee field enter the name of the customer > in the category section select the debtors/accounts receivable account > enter the data in the remaining fields as required.

You will have to link the above together, New+ > select receive payment > enter the name of the customer in the customer field, the expense and deposit will appear on the right hand side > select add on both > save and close.

If you have received the amount in one large payment, receive payment on the invoice and in the amount received field over wright the amount appearing to that of which you actually received > save and close, a credit will be applied to the customers account.

When you send the amount back to the customer you will have to create an expense from the debtors as explained above, select New+ > select Expense in the Payee field enter the name of the customer > in the category section select the debtors/accounts receivable account > enter the data in the remaining fields as required.

You will then have to link the credit and the expense together by following the steps noted above by receiving payment, New+ > select receive payment > enter the name of the customer in the customer field, the expense and credit will appear on the right hand side > select add on both > save and close.

( amended post - for clarification)

I

ina_latimer-hotm

Quickbooks Online had a bug this weekend with some payments, three of my customers had issues paying their invoices and now their accounts showed with duplicate payments. They all used credit cards. I see the only way to return their duplicate payments is by asking them for their credit card details, which I won't do at this point. But my problem is, the customers showed their credits in their accounts. I issued a Check, but I don't find a way to link the check to the Customer account to make the balance 0. Can you please assist?

Rubielyn_J

Thanks for joining this thread, @ina_latimer-hotm. Let me assist you in making your customer's accounts balance zero.

To begin, verify if your customer's payments are duplicates. Once confirmed, we can issue a refund to reduce a customer's current balance. We can do this by creating a credit a credit memo.

Here's how:

Go to the + New button.
Choose Credit memo.
In the Customer dropdown, select the customer's name.
Fill in the credit memo details, such as the date and the amount.
Once done, click Save and close.

Then, proceed in applying this to the invoice. For more information, feel free to open this resource: Create and apply credit memos or delayed credits in QuickBooks Online.

Otherwise, you can create a bank deposit. Here's how:

Click on the + New button.
Select Bank Deposit.
Enter date and the bank paid to.
In add funds to this deposit, choose the payee and in account select debtors,
Enter the same VAT and amount as invoice and choose Save.

In addition, let me share some tips on what to do in QuickBooks Online when a customer overpays you.

Keep in touch if you have other questions about invoice payments in QuickBooks. I'll be around to assist you again. Stay healthy all the time.

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