AccountsPortal Blog
How to account for an overpayment to supplier
Gidon | 2 years ago
An overpayment occurs when a payment for an invoice is larger than the invoice’s outstanding amount. Overpayments can arise on payments made to your business (e.g. a customer overpays one of your invoices) or on payments you make to a supplier or vendor.
In this article, we'll examine how to treat overpayments to suppliers.
