Mister Line Editor
Mister Line Editor
  • Editing Proofreading Services and Prices
  • Editor and Proofreader
  • About Me
  • Blog
  • Children's Books
  • Customer Reviews
  • Contact Me
  • Editing Proofreading Services and Prices
  • Editor and Proofreader
  • About Me
  • Blog
  • Children's Books
  • Customer Reviews
  • Contact Me

Six Steps to Refunding an Overpayment

5/3/2016

0 Comments

 
Jordan Meyers reports:

"Processing the average overpayment refund isn't usually difficult or confusing. You may benefit, however, from taking care with checking the overpayment amount, documenting the refund and notifying the client or customer of the specific reason for the refund. You can typically send these refunds through the regular postal mail in check or money order form, although you can refund most credit card payments using your merchant account...Double-check your records before you take action after an overpayment. You may find an underpayment in your records that a client sent the overpayment to correct...Document the overpayment in your records...Type a letter to the person who made the payment, explaining that he paid in excess of the amount due. Note your intent to send a refund and provide information about when and how the person can expect the refund...Debit the same account that you applied your customer's or client's payment to when you send the refund...Record the payment you made as a refund in your written or bookkeeping ledger. The balance of the customer's or client's payment should now show paid in full rather than a credit amount...Make note of how you sent the refund, such as by mail or via a credit card refund...Consider asking your client or customer if she would accept a credit in lieu of a refund. If she agrees, you can save postage and a trip to the post office. Create and publicize your policy for handling overpayment refunds...Create a schedule for sending refunds if you frequently receive [overpayments]. This way, you can avoid taking time away from other matters to deal with them on a daily basis."
0 Comments



Leave a Reply.


    Writing and editing can be pretty rigorous processes if you want to do them well, but that's what this page is here for. Check out the latest tips here.

    Archives

    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Categories

    All

    RSS Feed

    Picture
    J.D. Parsons
    Author
    SEO Writer
    Proofreader
    Editor
    Internet Researcher
Proudly powered by Weebly