How can I receive Customer Advance money or other Interest income?
Go to the “Financials > Receivables – Advance and Other Incomes” and click on Receive Now in the section in the Receivable dashboard.
- Select the Customer ID from the drop down.
- Select the Income Category and enter the Amount, Discount, Tax if any. The Net Amount will be calculated.
By default Payment Mode is Cash.
You can receive the money through Bank cheque, by selecting the bank from the drop down. If you have selected the BANK option, then enter the cheque number, the amount field pop up automatically. If you would like to issue 2 cheques then click on “Add New Cheque Details”, new row appears and enter the cheque number.
Click on “Save”