Hi
I create monthly invoices to a tenant for a property rental. The tenant receives housing benefits from the local council, this is paid direct to my bank account by the council. This payment varies in amount and date paid. The tenant pays the outstanding amount. How do I record the payment from the council in a way that allows me to allocate the payment and money paid by the tenant to outstanding invoices?
Thanks
Kevin
Hi Kevin,
I assume that you receive the money at the start of the rental period. In
that case you would create a Money Received transaction with the Type set
to 'Advance Payment'. Later, when you create an invoice for that customer,
Solar Accounts will ask if you want to allocate the advance payments to
that invoice - click 'Yes'
