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Buy now & saveI sold a book from my inventory but I received a partial payment. How do I do the Sales receipt? I need to reduce my inventory with the SR, but if I edit the "rate" of the product to match the partial payment, the next time I received the remaining payment I cannot make another SR because I will decreasing my inventory twice. How should I record the sales with a partial payment, reduce the inventory and what to do when the rest of the payment come?
Solved! Go to Solution.
Good day, yolivar.
Let me share some information about your concern.
A sales receipt is used when your customer pays you on the spot for the goods or services. Instead of using this transaction, you can create an invoice. This is used when your customer agrees to pay you later or they made a partial payment without decreasing my inventory twice.
To create an invoice, here's how:
For recording the partial payment, click on the Receive payment button under the Balance due in the invoice page. Then, add the partial amount paid the customer.
Here's a sample screenshot of a partially paid invoice:
You can also check out the steps in these articles:
To learn more about the difference of these sales transactions, please feel free to read this link: Difference between an invoice and a sales receipt.
I'll be around if you have any additional questions about the sales transactions or need help with other concerns. Just leave a reply below and I'll get back to you as soon as possible. Take care!
Good day, yolivar.
Let me share some information about your concern.
A sales receipt is used when your customer pays you on the spot for the goods or services. Instead of using this transaction, you can create an invoice. This is used when your customer agrees to pay you later or they made a partial payment without decreasing my inventory twice.
To create an invoice, here's how:
For recording the partial payment, click on the Receive payment button under the Balance due in the invoice page. Then, add the partial amount paid the customer.
Here's a sample screenshot of a partially paid invoice:
You can also check out the steps in these articles:
To learn more about the difference of these sales transactions, please feel free to read this link: Difference between an invoice and a sales receipt.
I'll be around if you have any additional questions about the sales transactions or need help with other concerns. Just leave a reply below and I'll get back to you as soon as possible. Take care!
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