If you record income using a sales invoice, you will receive payment based on the terms you have agreed with your customer. When customer payments are received, you must apply payments to an outstanding sales invoice in order to reduce the accounts receivable balance.
Follow these steps to receive payment from a customer:
- Navigate to Receive Payment, located below Customers, as indicated in the following screenshot:
- Complete the fields, as indicated in the following screenshot, to record the customer payment:
The following are brief descriptions of the key fields for receiving customer payments:
- Customer: Select the customer by clicking the drop-down arrow.
- Payment date: Enter the date payment was received.
- Payment method: From the drop-down menu, select the payment method received (that is, by credit card, check, or cash).
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