Advance payment is a type of payment made ahead of its normal schedule such as paying for a good or service before you actually receive it.

To record advance paid to Vendors follow the below steps :

Expenses > Make Payments > Payment Vouchers > Advance Payments



Click on Add New Record.



Select Advance Payment and enter the below details :

Pay To : Select from the drop down box the vendor name
Pay From : Select the account (Bank name) from which you want to pay.
Payment Date: Select the date from drop down
Amount : Enter the payment amount
TDS applicable Yes/ No : Please select the as applicable or not (If yes Select TDS Selection and Amount)
Payment Mode: Cash, Cheque, Credit/Debit Card, Internet Banking
Description : Enter the details

Click on Save and its done.



You can see the Advance paid record and can allocate to Purchase/Expenses. The same can be edited.

You can also read about :

How to record advance from Customers?
Recording Cash Expenses
How to add bank details on Invoice?
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