Overpayments

Overpayments occur when you receive more money than you are owed, whether from an employer, government agency, or other entity. This can happen due to errors, miscalculations, or timing issues. When overpayments are identified, you are typically required to repay the excess amount. Managing overpayments involves understanding the cause, communicating promptly with the paying organization, and arranging repayment if necessary. It’s important to address overpayments quickly to avoid potential penalties or legal issues and to ensure your financial records remain accurate.