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September 24, 2020
Question

Have received amounts from debtors. How do I set them off against the bills issued and credit the same to their accounts?

  • September 24, 2020
  • 1 reply
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1 reply

AlexV
September 24, 2020

Good day, mkjayaraman-qb.

 

Thanks for joining us here! Let me show you how to record the money you received from debtors.

 

We need to create an invoice first. Then, we can record a payment against it. You can follow these steps:

  1. Go to the + New button and select Invoice.
  2. Select the debtor from the Customer drop-down and enter all the details needed.
  3. Click Save and close.

Once done, here's how to record the payment:

  1. Go again to the + New and select Receive Payment.
  2. Select the name of the debtor from the Customer drop-down.
  3. From the Outstanding Transactions section, select the invoice that you created.
  4. You can either deposit the money to your current account or to the undeposited funds account.
  5. Hit Save and close.

Here are some of articles for more details:

Keep on posting if you have more questions. We'll respond as soon as we can.