Sales Payment
The Sales Payment is used to record any monies received from a customer against an invoice.
Sales Payments can be created in 3 ways.
- Manually from the Invoice you wish to pay.
- In bulk from the Sales Invoice List View.
- Directly from the Bank Reconciliation.
The Sales Payment is used to record any monies received from a customer against an invoice. It is always allocated against an Invoice. For unallocated money, use a Sales Payment on Account.
There can be multiple Sales Payments, Sales Failures, Sales Credit Notes and Sales Payments against a Sales Invoice.
POSTING RULES
| Code | Name | Debit | Credit |
| SP | Sales Payment | Accounts Receivable | [Bank Account] |
The Debit is always against Accounts Receivable, the Credit must be into a Bank Account Nominal Code, which is flexible.
There is only a single line entry for a Sales Payment. However it can create a corresponding multiple Sales Payment Ledger Entries, if the Sales Invoice has multiple lines
