Payment Made

Manage Payment Made

"Payment made" in the console refers to the record of transactions where payments have been completed by clients or to vendors. Tracking these payments is crucial for maintaining accurate financial records, ensuring that all transactions are accounted for, and helping in financial planning and auditing. It also provides transparency and builds trust by keeping all parties informed about the status of their transactions.

Add Payment Made

1. Navigate to the 'Payments Made' tab.

2. Click on the "Add" button.

3. Fill in the required fields that appear, such as supplier's name, account reference number, total amount, payment date, paid to, payment status, and other pertinent details.

4. Once all details are entered, click the "Save" button.

5. To review existing payments, browse the list in the 'Payments Made' tab and select any entry to view detailed information.

To add details of the bills for which you have completed payment in the Payment Tab, you'll include the following information:

1. Supplier: The name of the supplier to whom the payment was made.
2. Account: The account from which the payment was made (e.g., bank account).
3. Reference Number: A unique identifier or reference number associated with the payment transaction.
4. Payment Date: The date when the payment was made.
5. Total: The total amount of the bill or bills being paid.
6. Paid To: The entity or individual to whom the payment was made (could be the supplier or another party).
7. Payment Status: The status of the payment (e.g., completed, pending, failed).
8. TDS: Tax Deducted at Source, if applicable.
9. Amount Paid: The amount paid towards the bill(s).
10. Expenses: Any additional expenses incurred during the payment transaction.

Edit the saved Payment made

1. Access the Edit Feature: Locate and click on the 'Edit' icon next to the payment entry you wish to update.

2. Modify Payment Details: Adjust the payment information as necessary, such as the amount, date, or recipient details.
3. Confirm and Save: After making the changes, click the 'Save' button to ensure all updates are properly saved to the payment record.