Sales Payment on Account
The Sales Payment on Account is used to record any monies received from a customer for which there is no invoice to allocate them against.
This might be for:
- an overpayment.
- a prepayment against a Pro Forma Invoice.
- a deposit for a new customer.
- an unreconcilable receipt which it is not possible to determine which invoices it is paying.
Once a Sales Payment has been received, it behaves just like a Sales Credit Note and can be allocated against invoices or refunded in exactly the same way.
POSTING RULES
| Code | Name | Debit | Credit |
| SA | Sales Payment on Account | [Bank Account] | Accounts Receivable |
The Debit must be into a Bank Account Nominal Code, which is flexible; the Credit is always against Accounts Receivable. There is only a single line entry for a Sales Payment on Account.
