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How to record customer payments in accounting?
How to record customer payments in accounting?
Updated over a year ago

Customer Payments can be recorded in 2 ways

Single invoice payment:

  • In Accounting tab go to Receivables > Invoices and click on the wallet icon.

  • Click on the Record Payment button and fill relevant fields to record customer payments.

Multi invoice payment:

  • Click on Accounting > Receivable > Customer Payment > Add New.

  • You can select the invoices where you want to apply the payment credits to. Or use the one-click action highlighted in the image below to apply the payment to the oldest invoices automatically.

Tip: You can sort by the different invoice attributes and quickly view the invoice to access additional information.

Note-

Bank Charges

  • Amount received should always match with the amount that needs to be set off against invoices.

  • You need to record the bank charges as a direct expense if it's a separate line item in the bank statement.

  • Payment Amount = Amount Received in the bank + Bank Charge.

Other Behaviours

  • The payment record screen will display the invoices list only after the selection of the customer and the payment currency.

  • If the payment currency is different from the bank account currency, then you need to add the amount applicable in the bank currency.

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