Customer Advance
- Sometimes businessmen insist their customers to make Advance Payment. It is generally asked when the value of the order is quite large or things ordered are expensive.
- Customer's advance represents a part of the payment towards the price of the product which will be delivered at a later date.
- Customers generally agree to make advances when such goods are not easily available in the market.
How to create Customer Advance?
Income>>Customer Advance>>Create New
In the first section, choose the transaction reference number against which the customer advance has to be created.
You can choose a transaction type and corresponding transaction else choose 'NA' if you have to record a customer advance against a customer.
In the next section to select a customer, the 'customer', 'customer branch' and 'Financial centre' 'will be auto-populated based on the transaction chosen else you can choose the customer here if you have chosen NA in the transaction type.
The next section is to enter the payment details that have to be recorded.
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