Sage 50 How To Pay Invoice

How To Pay An Invoice In Sage 50 Accounting

Every business should have a consistent payment system to keep accounting organized and simplified. On-time payments play a crucial role to prevent late payment fees and maintaining a strong relationship between the vendors. You can easily pay and submit the invoice payments for the products & services in Sage 50. If you learn already Create Invoices Sage 50 then it’s time to learn paying invoice in Sage 50.

How Does The Invoice Payment System Work In Sage 50?

Sage 50 allows you to view the invoices that are required to be paid, payments that the customer owes you, and the invoices that do not display on the customer’s statement. You can record a payment and also perform a matching of the payment to the invoice that you are paying. There are several methods to record invoices that are below:

• If the bank is linked to a bank feed then use the import bank transaction option from the bank statement to match the outstanding invoices receipt and the imported transactions. From there you can process part payment of an invoice.
• For a full invoice payment in a single payment, you need to locate the invoice tab and then select the Record payment option
• Modify the payment amount for part payment of an invoice
• For multiple invoice payments with a single payment, write the payment through the customer receipt tab from the Banking option. It permits payment matching to multiple invoices simultaneously
• In case you have not recorded the invoice or you are not sure about the invoice pay then use the customer receipt tab to enter the payment from the Banking section.
• You can save the payment remainder on account to allocate the leftover money to another invoice for future

Find out the complete process of how to deal with Duplicate Invoices Sage 50, so you will not charge twice for same payments.

Process An Invoice Payment Sage 50

Once Invoices are matched then here are the steps:

• The invoice is marked as part-paid or paid and updates the outstanding amount
• There updated the balance of the received money in the bank account
• Updated customer account balance
• In case you using the scheme named VAT Cash Accounting VAT then record the value on the upcoming VAT return
• The debit Trade Debtors or credit bank account ledger accounts get updated.

Moreover, user has opted to Reversing Invoices In Sage 50 if something went wrong like wrong figure, paid by other mode etc.

How to Pay a Sales Invoice in Sage 50 ?

Below is the list of steps you need to perform to pay an invoice using the statement import or a bank feed:

• Open the imported transactions window
• Hit the Match button on the customer receipt
• Place a mark on the field next to the invoice you need to pay
• In case you need to process part payment of the invoice then simply alter the amount in the section named payment to the amount that has been paid
• Hit Match button

Even with Sage 50 Import Invoice From Excel option gives you the freedom to use any other invoice software data.

sage 50 Single Invoice Payments

Here are the steps to pay a single invoice:

• Locate the Sales option
• Click the Sales invoices tab

Now perform one of the below instructions:

• Select Take card payment for Stripe users
• For the users not enabled stripe but need to start now then select turn on card payments otherwise select record payment

Now complete the below payment details:

• Select the new account using the list labeled paid into bank drop-down to switch to a different bank account
• Embed a reference to assist you in tracking payment and matching it with the bank statement
• Fill in the received amount
• Now record the applicable discount
• Hit Save button

Matching Invoice Payments To Multiple Invoices Sage 50

• Locate the Banking section then open the desired bank account
• Select the new entry option then the Sale tab
• After this choose the tab named customer Receipt
• Now complete the payment details:
• Select Add a customer using the drop-down list for a new customer
• Select the new account from the drop-down list named paid into bank to switch to a different bank account
• Add a reference to let you easily track the payment and also match with the bank statement
• Fill in the received amount
• Leave the amount blank for total payment calculation using the invoices being paid
• Click on the checkbox that appears on each invoice you need to pay
• Hit on the checkbox in the top-left of the screen to pay the outstanding items
• Now save the payments

Lets explore the guide How To Send Email Invoices Sage 50 and what the causes behind when Sage 50 Failed To Send Email Invoices issue comes.

How to Pay Part of the Invoice in Sage 50?

• Choose the invoice you need to part pay
• Now click on the icon named edit next to the outstanding amount
• Enter the Amount to pay to the amount you need to part pay
• Choose “Apply”
• The Left to allocate field displays the leftover amount
• Now click Save and then select the Yes button if asked to save the remainder as the amount of payment
• The amount payment appears as On Acct in the column named Type
• Now allocate them using the option manage allocation from the record of customer contact

Even with Sage 50 Recurring Invoice Setup you can easily make invoicing task easy without manual interaction each and every month .
That’s all for today! Hopefully, the post is helpful to pay the invoice in Sage 50. In case of any query get connected with a professional team. The experts are there to resolve all your concerns regarding invoice payments and other components in Sage 50. Use a live chat, phone number, or email address to reach the team of Sage Support .

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