How to record a temporary customer debt?
- 5 years ago
Hi shau
Thanks for your post. Personally I wouldn't record a customer payment until I have the money as there's no way to track what is owing and if you report your BAS on a Cash basis you could be reporting amounts in the wrong quarters.
By allowing your customers to pay after delivery of goods you are giving them a trading account. You would need to create a customer card with the Terms set to the time you have given them to pay, say 14 days. Then create a sale for their goods and when you get paid record that payment through Receive Payments. This way you can keep track of outstanding amounts.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.