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Paying an invoice with a credit ballance (General)

posted by Gregory West(R) E-mail, Manitoba Canada, 26.07.2015, 14:13

Thanks David, sort of figured out that is what had to happen. Created a slush account for the two transactions. That way the slush account should always have a zero balance, if not there has been an error somewhere.

Greg

P.S. Yup, I am the Gregory West on the FreePBX forum also. Glad to make your acquaintance.

Actually, you don't really "pay an invoice with a credit balance".

In SQL-L, think of this as applying an actual payment to the net total of
some invoice/s and credit note/s.
Cash, Receipt, Select Customer, Update, Tick the Invoices AND Credits being
"paid", enter net payment details, Post.

Sometimes, we also enter a "phantom" payment (*) against Invoice/s and
Credit/s, just to close them out.
(*) Phantom payment adds to zero, and we use a clearing or suspense
account rather than a real bank account for this zero "payment".
IF you use a real bank account, it messes up your bank reconciliation
slightly.

HTH and YMMV

BTW, are you same Gregory West who uses FreePBX forum ?

---
Gregory A. West
DB&W Systems Limited

 

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