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-   -   How would I account for an overpayment in a previous yr? (https://www.askmehelpdesk.com/showthread.php?t=747191)

  • May 3, 2013, 10:05 AM
    dsanderson1
    How would I account for an overpayment in a previous yr?
    A customer overpaid tuition in 2012. What expense account would I use when issuing a refund check? What journal entry would need to be made?

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  • May 5, 2013, 07:24 PM
    paraclete
    Such things are called prior year adjustments

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