Record Payment

One can record both partial and full payment of Purchase Entry at Veepan.

When the Payment Type is "Pay Now"

The payment is automatically recorded.

When the Payment Type is "Pay Later"

We have to record it manually when the customer pays.

To Record Payment for a Purchase Entry, first, go to the particular purchase.

• Path : Left Menu -> Purchases -> All Purchases -> Select the Purchase Entry

• Click the button below "Payment Due". It will take to the Payment entry of that sales.

• Click on the Record Payment button.

  1. Full Payment: If the amount is fully paid to the vendor, enter the full amount here.

  2. Partial Payment: If the payment is partial, enter the amount paid to the vendor, and the system will automatically calculate the Due amount. And, when the next time the amount is paid to the vendor, it can be recorded here again.

• Click on Submit and the payment is recorded.

Note: Veepan supports the recording of Full Payment and Partial Payments.

Note: When the payment is fully made, the status of Purchase Order changes to "Paid"

Important: Whenever the payment is recorded, Accounting is done for the transaction.