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sales32
March 27, 2019
Question

Hi, i have suppliers and products set up on consignment sales. We pay on a monthly date, but not all invoices will be paid by that date, how do i record payments?

  • March 27, 2019
  • 1 reply
  • 0 views
eg, we have 8 sales, total £3500, we have 14 day credit terms to our customers, but we pay on the 28th of the month to the supplier

On 28th only 5 of the 8 sales have paid to the value of £2400

How do i record the part payment and still keep the other invoices open to pay on the following month?

1 reply

T
TaliaI
March 27, 2019


Hello sales32,

 

Welcome to the Community - thank you for your question!

 

When recording a payment for the supplier, you can enter a partial payment that will leave the remaining amount of the bill open - you can do this by editing the 'amount' box after selecting make payment and entering the partial payment amount. You can then leave the invoices that you have not received payment for open until you receive payment, along with the bill.

 

Thanks,

 

Talia

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