How do I Record a Partial Payment for an Invoice?

Updated on July 26, 2017 07:19pm by Admin

Wikipedia, an online encyclopedia, defines partial payments as the payment made for less than the due amount.

Sometimes a customer may make only a partial payment against an invoice you have send. You can record this payment in two ways.

  1. Manually record the payments against the invoice
  2. When a customer pays the partial amount for their invoice using an online gateway.
To indicate that you have received payment against an invoice, you must record the payment in that particular invoice and mark it as paid. If you receive partial payment from a customer, record payment partially. Each payment will be recorded as separate receivable in Receivables App against that invoice. 

Lets quickly go through the steps to record a partial payment

Steps to Record a Partial Payment

  1. Log in and access Invoices App from your universal navigation menu bar.
  2. Create a New Invoice or select an existing invoice. 
  3. Click on "Record Payment" next to Bulk Actions. 
    record-payment
  4. In which, select payment method (for instance: here "Zipmark" payment methods is used) which is mandatory field.
  5. Fill the partial amount paid or to be paid and other required details.
    invoice-payment-record
  6. Click on “Save” button.
  7. You can view the success message asrecord-payment-made-successfully at the top of the invoice view page.
  8. Click on "Payments" tab to view the list of all the recorded partial payments associated with the Selected invoice.
    payments-tab
  9. You can also edit the payment information using "Edit"icon, if needed.

Recorded Amount will be Deducted from Invoice Total

Yes, for the above invoice the invoice total is "99000 USD". When you try to record the payment for next time, the amount field will be auto filled with existing balance. The below image displays the balance since we have already made payment partially

partial-payment 

View Created Payment in Receivables App

You can also view the payments created in Receivables App, access it to view the recorded payment as shown in the image below:
create-payment-receivables

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