Table of Contents
- What is Advanced Balance?
- For Customers
- For Suppliers
- How to Add Advanced Balance
- For Customers
- For Suppliers
- Making Sales/Purchases using Advanced Balance
1. What is Advanced Balance?
- For Customers: Advanced balance refers to the sum of the amount that the business owes to its customers.
- For Suppliers: Advanced balance represents the sum of the amount that the suppliers owe to the business.
2. How to Add Advanced Balance
- For Customers: Navigate to Customers -> Customers and click on the action button. Choose the “Pay” option, and in the pop-up window, enter the required amount and save.
- For Suppliers: Navigate to Suppliers -> Suppliers and follow the same process as for customers.
3. Making Sales/Purchases using Advanced Balance
To initiate a sale or purchase using the advanced balance:
- Add a sale or purchase as usual.
- Select the respective customer or supplier for whom the advanced balance is added.
- During the payment process, select the “Advance” option and save the transaction.