Receiving Payments

Can you tell me the correct procedure for recording payments and marking invoices as paid. The majority of customers pay by bacs and cheques.

Posted by Kp on May 23, 2010 12:15 AM BST

Hi KP,

See this page for details of recording an invoice payment:
http://www.solaraccounts.co.uk/help/how-to-record-an-invoice-payment.php

If the customer pays by BACS, set the Deposit Into Account field to 'Cheque Account'
If the customer pays by cheque, set the Deposit Into Account field to 'Money to be Banked'. When you bank the cheques record a bank deposit as described here:
http://www.solaraccounts.co.uk/help/how-to-record-a-bank-deposit.php

Cheers,

Posted by Mark McLaren (Solar Accounts) on May 23, 2010 12:29 PM BST