How to Knock-Off Prepayment for Supplier
Efficiently remove prepayments from your customers' billing process. This method streamlines invoicing procedures and offers a flexible payment approach.
Learn How To
Method 1: On Transaction page
1. Click on Cashflow and select 'Transaction'
2. Click on Add New
3. Click on Receive Payment
4. Enter a date
5. Enter the amount
(Ensure that the amount is equal to the knock off amount)
6. Select Knock Off invoice as payment type
7. Select Prepayment as the payment method
8. Choose a Supplier's Name
9. Enter a remark (optional)
10. Add attachments (optional)
11. Click on Next
12. Select the invoice(s) you want to knock off with the payment
13. Click on Save
Method 2: On Supplier page
1. Click on Purchases and select 'Supplier'
2. Click on a supplier
3. Click on the 3 dots
4. Click on Make Payment
5. Select a payment date
6. Choose Prepayment as the payment method
7. Enter an amount
(Ensure that the amount is equal to the knock off amount)
8. Enter a description (optional)
9. Select Knock Off invoice
10. Click on Next
11. Select the invoice(s) you want to knock off with the payment
12. Click on Save
Related Guides on Prepayment
- To knock-off prepayment for customer, please refer to: How to Knock-Off Prepayment for Customer
- To create advance payment/prepayment for supplier, please refer to: How To Create Advance Payment/Prepayment for Supplier (New Vers.)
- To create advance payment/prepayment for customer, please refer to: How To Create Advance Payment/Prepayment for Customer (New Vers.)
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