The Payments and Write Off section is used to register customer payments and manage outstanding invoice balances. It helps you keep invoice statuses up to date and handle invoices that are partially paid or cannot be collected.
Once an invoice has been sent to a customer, payments can be registered in the system when money is received.
The Payments and Write Off section allows you to:
- Register payments against invoices
- Monitor outstanding balances
- Manage partial payments
- Write off uncollectible invoice amounts
Keeping invoice payment information updated provides an accurate overview of invoice status and outstanding receivables.
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