Vendor overpayment reimbursement check

I need some additional details on this one. Have you overpaid the original bill amount, returned some items and got paid by vendor, or got some discount?

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Oleg Bekker

Intuit Solution Provider | Retail Solution Provider | Certified QuickBooks ProAdvisor

http://www.QBooksAdvisors.com

I have a similar problem. I issued 2 checks as one was lost. They both were deposited (cashed) so they wrote me a check for one and now I need to figure out how to deposit it...

So, you issues 2 checks to the vendor. 1 was the double-payment. The vendor paid it back to you.

you can add that check to a deposit - always on a top line. Use the accounts Payable as the account, and put the vendor's name in the Received From column. After saving the deposit go to Pay Bills screen. This deposit transactions should be listed there. Click on it, click on Set Credits, apply your overpayment as credits. Click OK and save this transaction.

There are other solutions available. This one may be the cleanest one though.

____________________

Oleg Bekker

Intuit Solution Provider | Retail Solution Provider | Certified QuickBooks ProAdvisor

http://www.QBooksAdvisors.com

I have the same problem.  We paid the vendor's bill, then they issued us a credit because we were a member of the chamber after the fact.  I need to know how to handle the credit that was issued (electronically - so no physical check was received).