How to add vendor payments in accounting app?
To add vendor payments in the Metro ERP Accounting Application, follow these steps:
1) Access the 'Accounting' module and go to ‘Vendors >> Payments.’
2) Click the 'Create' button to initiate a 'New Vendor Payment.'
3) Now, fill out the Vendor Payment Details, including:
- Payer/Payee: Vendor Name
- Destination Account: If you wish to update the payment in a different Chart of Accounts, click the dropdown arrow and select the appropriate account for this payment.
- Amount: Total Paid amount
- Date: Please select the date on which the payment was made to the vendor.
- Memo: Payment Reference for easy identification
- Journal: You can choose the relevant journal from the dropdown menu to register the payment in the appropriate journal.
- Click on 'Save' or 'Confirm' button to save the record.
- I have updated the information based on the vendor bill I previously prepared and confirmed the payment. Please see the screenshot below for reference.
4) Once you have posted or confirmed both the Vendor Bill and the Vendor Payment, they will be linked to each other. Refer to the screenshot below for reference.
5) Verify the details, and if the payment matches the bill, click the "Add" button to register the vendor payment.
To get more details to add customer payments, please do contact us at support@metrogroup.solutions