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
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