How do you handle customer overpayments? Customers pre pay for services yearly but we only invoice monthly, We use a two part system but the payments are in receivables. What is the best way to handle this? We have created a liability account called A/R before invoicing, however making the entry is making double entries happen. We still want the payment to reflect in the check register as when we received the whole payment to keep our check register accurate. Anyone have any suggestions?
