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NainaG
Level 2

Correct way to record a supplier credit resulting from overpayment on a vendor payment

I had processed a vendor payment via a cheque outside the system as all the vendor invoices were not yet on QBO and the vendor needed us to pay urgently. At the time of recording the invoices and its payment on QBO, we realized we had paid the same invoice twice as it showed twice on their Statement of Account. So he gave us a credit note to be used against future bills. Whats the best way to record this transaction ?

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