Absorbing Sales Credits
Hello Can anyone tell me how I can absorb sales credits from different customers without creating invoices to apply each credit to? We have random small amounts such as $1 or 50c that are sittin...
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Hi penpaper77
Please refer to this help article for details on how to handle this situation.
When the amount is very small like a few cents, you can record a new invoice for the overpaid amount (allocate to a rounding income account, if you have one) and then apply a credit to this invoice to close it. Learn more about accounting for bad debts.
