How to settle or write off invoice payments?

To settle the invoice there are two ways:
First is to settling invoice through payment and
Second way is to settle it through expense accounts.

Case 1:
Let's see how to settle or write off invoice payments. 
Go to Income >  Invoices

Step 1: Click on the Invoice for which you want to settle the payment.

Step 2: Click on the Add Payment option on the top right side.

Add payment

Step 3: Select Deposit to Account from drop down, Received Date, Amount, TDS amount if applicable.

Now Select the Receipt of payment as :

Cash - In case the payment is received in Cash
Cheque - If the payment is received in Cheque enter the Cheque Number, Bank name, Cheque Date
Credit/Debit  Card - If via cards please enter Transaction date,Card number, Transaction reference Id
Internet Banking - If payment is received through Online Banking, Enter Bank Name, Payment Date, Transaction ID.

Click on Save and its done. 

paid invocie
The payment receipt will reflect in the Invoice window as shown in the above picture.

Case 2:
Settling invoice through expense account:

Go to Income >  Invoices

Step 1: Click on the Invoice for which you want to settle the invoice through expense account.

Step 2: Click on the settle invoice option which is at the right side of edit option just like in below picture.

settle invoice option

Step 3: Select the account with which you want to settle your invoice, and click on settle

Invoice window will be shown as in the below picture.
settled invoice

You can also Read About:
How to make payment or receive money towards opening balance?
How to delete an invoice.
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