I recently paid off a truck in a debt account and forgot that I had the monthly payment on auto pay and therefore a one month overpayment was made. I can’t figure out how to handle the entry of the overpayment refund I got from the lender, Bank of America. Can someone help me with this?
Congrats on paying off the truck debt!
For the refund, record it as a negative debt payment. So go to Add Transaction > Debt Transaction > Debt Payment. Enter the amount as a negative number, and put all of it toward principal, again as a negative number. Leave interest and fees blank. You may see a red error message, but Goodbudget will still let you save the transaction.