Over payment of invoice

Hadders

How do we allocate an payment taht is larger than the invoice, does wave reconcile with next invoice?

Alexia

Hi @Hadders.

There's no way to record payments to the next invoice automatically, but here's how you would handle it. Say you received a payment of $150 for an invoice of $100, and you have another invoice of $100 to get paid for.

• Record a payment of $150 dollars to your first invoice. Your customer statement will show that you owe your client $50.
• After creating your second invoice, go find the payment for the first invoice and split it into two parts. The first one will be for $100 and will stay categorized as a payment for your original invoice.
• Categorize the second payment as "Payment for an invoice made in Wave" and choose our second invoice.
• Send out your second invoice. There will be a note on it saying that a $50 payment was already made.

This will make it so your customer statement will balance and the payment is accurately

Hadders

Thanks Appreciated