Write Over Payment Release For Free

Please accept our sincerest apologies for any inconvenience this may have caused. We will be processing a refund of the overpaid amount of $[amount] to your original payment method within the next [timeframe]. If you have any questions or concerns, please feel free to reach out to us at [email] or [phone number].

Example: Employee A was paid $500 on their check for the 1/31 pay period. Employee A should have been paid $400. This results in a gross overpayment of $100.

Options for handling overpayments are to either refund the amount or establish a credit for it. The receiver cannot keep an overpayment, as it is neither revenue nor income. Account credits caused by customer overpayment are recorded as liabilities or contra-assets on the balance sheet until applied against an invoice.

Dear [Employee], A salary overpayment has been identified on a previous pay period and has been submitted to University Payroll & Benefits for processing. University Payroll & Benefits will send you notification of the overpayment along with the collection process needed to satisfy this debt.

Inform a Customer of an Overpayment ? Example Letters, Guides and Samples Carefully explain how much the customer has overpaid. Inform the client how you plan to correct the error. Offer additional service.

Inform a Customer of an Overpayment ? Example Letters, Guides and Samples Carefully explain how much the customer has overpaid. Inform the client how you plan to correct the error. Offer additional service.

How to write this credit letter: Carefully explain how much the customer has overpaid. Inform the client how you plan to correct the error. Offer additional service.

Please accept our sincerest apologies for any inconvenience this may have caused. We will be processing a refund of the overpaid amount of $[amount] to your original payment method within the next [timeframe]. If you have any questions or concerns, please feel free to reach out to us at [email] or [phone number].

Overpayment letter to employee template for immediate use You are receiving this letter because an overpayment has been issued to you in the amount of $X. XX due to: (State Reason Here). Please sign, date, and return the form below within X days. I have been notified of an overpayment in the net amount of $X.

One of the simplest approaches to overpayment is taking the amount overpaid out of the employee's next paycheck. If you choose this approach, be sure to communicate clearly with the employees who were overpaid to let them know what happened and how it will be corrected.