Payment marks the end of the sales transaction where the money received will essentially clear off the related outstanding invoice.

With Financio, payments are easily matched back with the related invoices and it will automatically update your Aged Receivables as well as your Profit & Loss reports. Here's to record your payments received.

Payments

1. Click on Sales
2. Click on + button on the bottom right
3. Select Payment button above it
   
4. Provide the details
   • Customer *
   • Attention: The person you wish to address to in the organisation
   • Date *
   • Reference
     Note: Eg. PO / SO / Quote number or etc.
   • Currency *
   • Exchange Rate *
     Note: Rate is retrieved from our partner on daily basis, required when foreign currency is selected.
   • Payment Lines
     • Payment Method *
     • Deposit To *: The account to deposit into
     • Amount *
   • Invoices
     • Select the invoices you wish to credit the payment to (To reduce the 
       outstanding of the invoices) and the payment amount
     • You can have excessive credits in the payment, which can be refunded back to the customer
   • Summary
5. Attach files
   
6. Save
   
   
   • Click Save as Draft for further revision
   • Click Save & Approve to post the transaction to Chart of Accounts and share with the receiving party via E-Transaction or Financio Connect (Where applicable)