Click "Transactions" to locate and close the deal.

Click the "Search Property Address" field.

Once the file has been located, click on the "Action" button. 

The check due from the Title Company on this transaction should be of $950,000.00.

Click "View Entries" to review the corresponding Journal Entries. 

The Journal Entries confirm the expected amount of $950,000.00, but the check received from the Title Company is of $1,000,000.00, there is an overpayment of $50,000.00.

Click "COMPLETE" to close the transaction. 

Click "No" on the prompt window in order to send the deposit to Undeposited Funds. 

Click "Accounting" to make the Bank Deposit and issue the refund for the overpayment amount. 

Select an Account from the dropdown menu. 

The date field with auto populate with today's date. Click on the small calendar icon to choose a different date. 

Select the Payment Method from the dropdown menu. 

Click the checkbox to select the Payment to deposit.

Once selected, scroll to the bottom of the page and click on the "Add Line" button. 

Select a Payer from the dropdown menu, in this case, it should be the Title Company. 

Click to select your Accounts Payable (A/P) Account in order to issue the refund. 

Click this text field to add a description.

Click this text field to add a reference number.

Click this text field to add  the amount of the overpayment, in this case it will be $50,000.00. 

The "Selected Payments Total" should match the funds expected from the Title Company. 

The "Other Funds Total" should be the overpayment amount.

The Total Deposit Amount should match the actual payment received.

Click the "Search Vendor" field to locate the Vendor by name. 

Once the result populates, click on the name of the Vendor or the "Action" button at the end of the row. 

The Vendor has an Open Balance of $50,000.00.

The system will populate a Bill in order to issue the refund. 

Click the checkbox to auto populate the amount of the Bill Payment. 

The System will then create a Bill Payment in the amount of $50,000.00. 

Click "Print Check" to issue the refund. 

Once the check payment populates, click on the  "Print" button. 

Follow the prompt window to confirm whether the check printed correctly. 

The Vendor does not have an Open Balance at this time. 