on account and advance transactions
Created by: Krishnakant
Customer may have payed money against pending bills which we cover in bill wise accounting. But some times customer gives money which is not adjusted when money is received. This is called on account payment. This money (specially if left over after settling all bills ) can also be termed as advance payment. The implecation is that when next time bill wise accounting is done for the given customer, this amount shows up which can be included in the adjustment for settling bills. Same is other way round for supplyers.
Imported comments:
By Krishnakant on 2017-06-01T14:47:14.708Z
closed
By Prajkta Patkar on 2017-05-31T09:06:34.355Z
added ~2027172 label