Skip to main content
S
Sampoo92
April 7, 2021
Question

Slightly overpaid or underpaid invoices - client doesn't want refund/credit- what do i do? I have Self-Employed QB

  • April 7, 2021
  • 1 reply
  • 0 views

Hi

 

so there are two problems I have been encountering.

 

1. Sometimes a client overpays (a couple of pounds or so) because they are paying me from a foreign account. They dont want the money back and I wont invoice them again - it's basically a  tip. What do I do? I have QB Self- employed. Obviously the invoice and the transaction won't match. 

 

2.The opposite. Because of paying me from a foreign account it's a little underpaid (normally les than £5). Again, it would cost too much money to send again such a small amount of money to a foreign account. What do I do?

 

Thanks, I am new to this so feel a bit lost 

1 reply

G
GlinetteC
April 7, 2021

I've got a way you may consider doing, Sampoo92.

 

In QuickBooks Self-Employed, there is no underpayment/overpayment of invoice. This feature is only available in QuickBooks Online.

 

If you created the invoice, you can modify it and enter the exact amount you received. Also, you may need to create a new invoice for the remaining balance. You can edit the invoice by clicking the Edit work info. I'll walk you through the steps:

 

  1. Go to the Invoices tab.
  2. Click the Mark as paid drop-down in the invoice section you want to edit.
  3. Select the Edit option.
  4.  At the bottom part of your invoice, choose the Edit work info.

I'd still suggest consulting your accountant for further guidance. This way, we can ensure your books are accurate.

 

Please let me know if I can be of any additional assistance. I'll be around to help.

Terms & ConditionsAccessibility statement