Credit from Supplier higher than Invoice value


I have paid £16.80 for a service that had to be cancelled. The supplier decided to offer me £20 worth of credit to spend later on.

RIght now I have tagged the £16.80 on the current account to an invoice for the original service.

How do I account for the credit? And spend this credit on future use of their service.


Hi @Pivic

Has the difference been paid to you by your supplier, or has it just been agreed as a reduction to a future invoice?

For a small amount such as that in your case, I would simply add a negative line to your next invoice for them to the value of the credit. It would avoid over-complicating the situation.

It has been agreed as a reduction to a future invoice.

Your method makes sense and is easy, I like it.

Thank you!

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