Invoice Payments
An invoice payment is a transaction related to an account receivable.
1.1 Conversion of an invoice or a credit note in monetary form is categorized as a form of an invoice payment.
1.2 Each of the following types of transactions is a form of invoice payment:
- Any income received against an invoice, e.g., check, cash payment, or bank transfer
- A refund made against a credit note
- A payment received directly by an account receivable account
Updated about 1 year ago