It is very easy to record an overpayment in Xero. Here’s a quick tutorial on how to do it in simple steps:
- On Xero's main dashboard, head over to the top menu bar and click 'Accounting'.
- Choose 'Reports' from the list of options.
- After that, scroll down to the Taxes and Balances section and click 'Journal Report'.
- Tap 'Go To Manual Journals'.
- Subsequently, select the journal you wish to edit.
- Click 'Journal Options' in the top-right corner.
- Pick 'Edit' to proceed.
- Following that, enter the overpayment details into the provided line item.
- Once done, review your input and click 'Post'.
- After completing these steps, the overpayment will be recorded on your Xero journal.
