Quick fixes 16 – How to reconcile overpayment or credit note from supplier on Xero

1. Go to the Bank and open the Reconcile tab;
2. You can record the overpayment to the supplier by using the Spend as;
3. Select the supplier, date of payment and enter information in a form.
4. Consult with accountant regarding the account if unsure, using Accounts payable will park this amount temporarily until the further allocation to the invoice or credit note.
5. If you have to allocate the credit note, it depends if an invoice was paid or not. Follow the video to find out how to allocate.

I hope you found this tutorial helpful! You can watch a video tutorial below.

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