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preferredprivatecare
October 18, 2024
Question

Entering a deposit with a deduction

  • October 18, 2024
  • 1 reply
  • 10 views

Hi!  I received a batch payment for patients we serviced.  Part of this remit also had a deduction due to an overpayment 4 months ago.  I can receive the payments, but because of the deduction my deposit amount is incorrect.  Is there a way to enter the deduction as a part of a deposit where it also clears out the negative balance in the client's account?  Unfortunately, this client is not one of them on the remit or I would know how to handle it.  Thanks!

1 reply

Candice14
Level 8
October 18, 2024

Hey, @preferredprivatecare. 

 

It's great to see a new face here in the Community! 

 

Based on the details you gave, I recommend using a journal entry to clear out the negative balance in the end.

 

Note: Please consult with your accountant to make sure this would be the best route for your business. 

 

Here's how: 

 

  1. Go to the Company menu and select Make General Journal Entries.
  2. Fill out the fields to create your journal entry. Make sure your debits equal your credits when you’re done.
  3. Click Save or Save & Close.

 

Feel free to come back if you have any other questions. Have a great day! 

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