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