Receiving payments on account

Last modified

Overview

This section explains how to receive a payment on account of a post-appointment book debt.  You should note that the system doesn’t distinguish between pre- or post-appointment debtors when processing payment receipts.

Receiving payments on account

1.    To enter a receipt on an invoice select Transactions > Receive Debtor Payment.

2.    From the Customer drop-down box select the debtor entered in the previous section, in this case Barloworld.

File:test/insolvency/120_10+Accounts/130_Accounts+Receivable/030_Receiving+payments+on+account/Receive1.png

You will see that, once you select the customer, the amounts outstanding to the customer are shown in the outstanding invoices:

File:test/insolvency/120_10+Accounts/130_Accounts+Receivable/030_Receiving+payments+on+account/Receipt2.png

3.    In the Amount Paid field, enter the amount of £1,950.00.

Allocate the receipt to the Outstanding Invoices by entering amounts in the Payment column.

Note

The system will automatically allocate the amount.  It will pay the oldest outstanding amounts first.

Enter the following additional details:

Field

Value

Chq No / Ref

000245

Pmt Type

Cheque

Memo

Payment for rental of fork truck

4.    Your screen should look like that shown below:

File:test/insolvency/120_10+Accounts/130_Accounts+Receivable/030_Receiving+payments+on+account/Receipt3.png

5.    Click [Save and Exit].

Page statistics
330 view(s) and 5 edit(s)
Social share
Share this page?

Tags

CCH Insolvency

Comments

You must to post a comment.

Attachments

 

 | Cookie Policy | Copyright | Privacy Policy Terms of Use | Contact Us |