Sales (Premier Edition) – Receive Payment

October 19th, 2011, Filed in User Manual - eStockCard v3 Premier

Receive Payment

After the sales invoice has been generated, we shall proceed to expedite customer’s payment.

This will be handled by Receive Payment module. To invoke this, click “Receive Payment” at the Sales module ( Fig 1 )

Receive Payment

( Fig 1 )

Follow the following steps:-

Step 1 Select “Customer” from pull down and the system will automatically retrieve some common data (Contact, Fax No, Tel No, Bill Address and Currency).( Fig 2 )

Select Customer

( Fig 2 )

Step 2 System will automatically list down all the outstanding invoices that belong to this customer, you can opt to pay a single invoice or consolidate several invoices in a single Receive Payment by ticking the small check box.

Step 3 You can enter partial or full payment that received from customer. For example, the total due amount (outstanding amount) for the customer is 2000.00 (Invoiced Amount – Already Receive).

If you have received full payment from the customer, just enter 2000.00 at “Receive Amount” (for every individual line) and hence the balance becomes “0”. ( Fig 3 )

Payment

( Fig 3 )

Remark

If you have more bills to be paid in a single Receive Payment, you can enter the value to the “Enter the amount received” and follow by clicking “Auto Fill”, system will automatically fill up each line (from first line and subsequently proceed to the next). Otherwise, you can enter local Receive Amount line by line.

Step 4 You can select to enter more reference data to optional fields such as (Payment Type, Bank Name, Cheque/Ref No). ( Fig 4 )

Fill Amount

( Fig  4 )

Step 5 Click “Save” button, system will assign a unique Payment number and the status will changed to “Active”. You still can amend it as long as the status of the Bill is “Active”.

Step 6 If everything goes fine and please proceed to click “Confirm”, the status of the Payment will change to “Confirmed”. No reversible can be done in later stage if the status is set to “Confirmed”. For the above example, we have made partially payment only. ( Fig 5 )

Confirm Payment

( Fig 5 )

Step 7 Settlement of balance payment. There is outstanding Due Amount to be received for the previous Receive Payment. User has to initiate new Receive Payment to settle this by invoking Receive Payment module again( Fig 6 )

New Payment

( Fig  6 )

Please repeat the previous steps (from Step1Step6) and you must be noted that system will generate new Payment number for this outstanding amount settlement for better monitoring purpose.

 




Related posts:

  1. Purchase (Premier Edition) – Purchase Payment
  2. Purchase (Premier Edition) – Purchase Bill
  3. Sales (Premier Edition) – Cash Sales
  4. Setting (Premier Edition) – Payment Term
  5. Sales (Premier Edition) – Sales Return