Negative balance in bills

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Negative balance in bills

I have an invoice that has been overpaid by 0.01 so now it is showing overdue -$0.01.  How do I clear this?

Thanks

 

Susan

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Re: Negative balance in bills

Hi @Tsph 

 

The question is what are you doing with that 0.01 cent credit with the supplier?


Is that debit value going to be placed against another bill in the future? If so, then you would need to process the supplier return (Purchases>>Process supplier returns) against that particular bill when it comes in.

 

If the supplier and yourself have agreed to clear that balance then you could look at updating the particular bill by that amount to make the bill amount the same amount as what has been paid. Alternatively, create a 1 cent bill for that supplier and then process that supplier return against it.

Kind regards,
Steven

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