How to Create an Invoice for an Overpayment/Prepayment

How to Create an Invoice for an Overpayment/Prepayment

  1. Sign in to a PlayerFirst website.

  2. On the left navigation, click Sales > Invoices.

  3. In the upper right corner, click Plus Icon to add an invoice.

  4. Search Billing Profile or Add Profile.

  5. Servicing Start: Select today’s date.

  6. Servicing End: Select today’s date.

  7. Platform Fees: Uncheck the check box.

  8. Click Create Invoice.

  9. Account Type: Select Prepayment

  10. Name: Type Prepayment or Overpayment.

9. Cost Each: For check overpayments/prepayments, the cost is the amount of money left on the check.

  1. Quantity: Confirm “1” is showing.

  2. Click Add Item.

  3. Click (Receive Payment) to apply the prepayment/overpayment to the invoice and follow the steps to receive the payment.

  4. Method: Select the payment method.

  5. Amount: Type the amount being paid, which should match the cost of the Prepayment.

  6. Description: If the payment method is a check, add the check number.

  7. Recognition Date: For checks only, select the recognition date.

  8. Click Save Payment.

  9. Click the Prepayment line item.

  10. Click Create Account Credit.

  11. Credit Reason: Type, “Credit for an overpayment/prepayment.”

  12. Credit Amount: Create the Account Credit for the full amount of the Overpayment/Prepayment.

  13. Expiration: The maximum date that can be chosen is 1 year from the date the credit is being created.

  14. Limit Program Use: Overpayments/prepayments should not be restricted to be used for specific programs.

  15. Click Save.

  16. Admin Notes: Add a note with today’s date, a brief explanation of actions taken, and your full name.

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