Advance receipts and payments - linking of multiple invoices
This query is : Resolved
27 January 2018
Hello,
Can we link more than one Sales Invoice to one Advance Receipt under the GST regime? (Say the customer has made a bulk payment and the same needs to be serviced over a period of time against multiple Invoices)
Alternatively, is it possible to link multiple Advance Receipts to one Sales Invoice (say the customer has made an advance payment and pays the balance once the material is ready but prior to Invoice creation)
Same situation for Vendor Payments.
Will look forward to your responses. Thank You!
Can we link more than one Sales Invoice to one Advance Receipt under the GST regime? (Say the customer has made a bulk payment and the same needs to be serviced over a period of time against multiple Invoices)
Alternatively, is it possible to link multiple Advance Receipts to one Sales Invoice (say the customer has made an advance payment and pays the balance once the material is ready but prior to Invoice creation)
Same situation for Vendor Payments.
Will look forward to your responses. Thank You!
CA Suresh Jain
(Expert)
28 January 2018
Yes, the linking of advance received is possible in both ways
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