Accounting
Payment Entry

Payment Entries are records of transactions made against documents like purchase or sales invoices, sales orders or even internal expense claims. They are used to keep a record of outgoing, incoming and internal payment transactions.

There are different types and modes of payment in each transaction, it is important to make sure each detail is recorded accurately. Payment entries reflect various other document types such as sales and purchase invoices and can be linked seamlessly.

Payment entries are also helpful in recording advance payments, partial payments, and payments in different currencies and exchange rates.

Questions
Cash book payments and receitps
Van Niekerk Reta
8 months ago
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How do I record a payment which is not link to a customer , for instance Bank charges and interest received on bank balance
How do I record a payment which is not link to a customer , for instance Bank charges and interest received on bank balance
Van Niekerk Reta
8 months ago
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How do I record a payment which is not link to a customer , for instance Bank charges and interest received on bank balance
How do I record a payment which is not link to a customer , for instance Bank charges and interest received on bank balance
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Service And Utilities
Donnie Ferdian Tongkeles
9 months ago
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How can i entry payment service or utilities i.e electrict, internet service ?
How can i entry payment service or utilities i.e electrict, internet service ?
moaaz faracheh
4 months ago
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it's actually payment entry too, you need to consider the service/utilities provider as a supplier.

otherwise you can use journal entry.

it's actually payment entry too, you need to consider the service/utilities provider as a supplier.

otherwise you can use journal entry.

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tax
RQ Ricardo Quezada
1 year ago
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Hello, how is the template for the payment of taxes made in the payment of a sales or purchase invoice? Thank you Since when applying the payment to an invoice, the tax is doubling. Greetings from Mexico
Hello, how is the template for the payment of taxes made in the payment of a sales or purchase invoice? Thank you Since when applying the payment to an invoice, the tax is doubling. Greetings from Mexico
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