Dynamics Community Forum Thread Details

Overpayments and Underpayments

Hello,
Can anyone help and explain how overpayments and underpayments journal entries work?

Underpayment: Customer owes 1000$ on an open invoice, but we receive 990$ (Maybe because of bank deduction). When I click apply entries and apply Invoice of "1000$" It shows the remaining "Balance" +10 and I need to settle full amount of invoice.

I've seen this kind of journal entries, as I remember. Are these journal entries correct? How can you describe it?

Line 1. Customer ----------------Amount: - 1000 ----- Bal.Acc.Type: Bank (This means that we settle full amount of invoice)

Line 2. G/L (Bank Fees) ----------Amount: +10 ----- Bal.Acc.Type: Bank (This means that Bank Fees increased and our Bank Account decreased with 10$)

Overpayment: Customer owes 1000$ on an open invoice, but we receive 1110$ (Maybe because of overpayment?). When I click apply entries and apply Invoice of "1000$" It shows the remaining "Balance" -10. Invoice is settled, right? and now I need to settle ~~invoice~~ payment?..

Are these journal entries correct? How can you describe it?

Line 1. Customer ----------------Amount: - 990 ----- Bal.Acc.Type: Bank (This means that we settle full amount of invoice)

Line 2. G/L (Bank Fees) ----------Amount: -10 ----- Bal.Acc.Type: Bank (This means that Bank Fees decreased and our Bank Account increased with 10$)

Sorry, maybe I have some mistakes because I just started learning and I don't understand everything well.

THANK YOU IN ADVANCE

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Dynamics 365 Business Central

Microsoft Dynamics NAV

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