How to enter last year invoice payment for this year
This query is : Resolved
Srimannarayana
(Querist)
04 June 2015
Greetings of the Day
In my Company we have raised an Invoice 14thDecmber2014. we got 80%payment in the FY 2014-15. remaining 20% payment got in 01st May how to enter this. Please let me know
In my Company we have raised an Invoice 14thDecmber2014. we got 80%payment in the FY 2014-15. remaining 20% payment got in 01st May how to enter this. Please let me know
Amol S Joglekar
(Expert)
04 June 2015
when you close the books of accounts for the year 2014-15, the due amount is carried forward as the DEBTOR.
The remaining 20%, when received in the year 2015-16, can be credited to the said debtor's account in the year 2015-16
The remaining 20%, when received in the year 2015-16, can be credited to the said debtor's account in the year 2015-16
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