Collaborate on Down Payment Invoice Sample for Personnel with Ease Using airSlate SignNow

Down payment invoice sample for Personnel

in this video we gonna learn that how to record advance or pay payments to our suppliers to our to our vendors so we have a scenario that we need to create a party first status all Hana traders we need to create this party then we need to issue a down payment and advance off 100,000 so the first step is that we need to create a party so you go in the main tent AB in the main tent AB we have this vendors so here you need to give my unique ID number that is 1 0 3 enter the name is al Hana traders that is the contact information that is a unique account number that is a mailing name that is a country right you can select the city that is in the PI and that is a vendor type that is domestic vendor that is a foreign vendors that is a wholesaler retailers service provider and that is the telephone number email ID of your supplier that is a website address of your supplier and that is a default terms and conditions are here and that is a default purchase information that was that the purchaser in your company considering purchasing from this al Hana traders and there is a VAT registration number the text registration number and then save it so our first step that is completed that we create a lejana traders for our next step is that we need to record a purchase invoice of 80,000 that we are receiving an invoice of 80,000 from unhonored printers we already issue a down payment of 100 thousand to 100 s so in this step we need to record an invoice of 80 thousand which we receive from unhonored traders so we click on this task and here we have this purchase receive inventory or you can use the option bills and enter the bills both are safe click it you need to select the the vendor ID that is unhonored traders that is the invoice to date at in Y state and that is the due date of that invoice let's suppose this is voices doers on end of this month and that is the invoice reference number and the quantity let's suppose we are purchasing 30 pieces of mobile enter so that is 75,000 enter and then we're purchasing 10 pieces of red suppose five pieces of keyboard or two pieces of keyboard or two pieces of laptops these are the laptops so let's suppose LD laptops how much it is it is 2600 HP is 2500 yes so now look we are purchasing mobile we're purchasing 30 pieces of mobile and that is 75,000 and we are buying also two laptops so that is 5000 so now look the total in wise become 80,000 save it and if you want to check the reports go to the reports accounts payable vendor ledgers click on option for this period vendor ID that is unhonored readers press ok so you know the first the issue a downpayment of 100,000 it did we receive an invoice of 80,000 so the remaining 20,000 that is still our current asset so against this 20,000 we receive also an invoice of 20,000 so we are making another invoice of 20,000 go in the task we have which is receive inventory you need to select the party account that is unhonored traders that is the invoice date that is a due date of this invoice this is annoys reference number and [Music] we're ordering five pieces of laptops the HP laptops [Music] or make it ten okay five pieces of laptop IFS HP laptops at is 2500 that becomes 12,500 enter and then four pieces of [Music] that Acer laptops that becomes eight hundred eight thousand eight hundred this much or let's suppose if it is two and so that is a sixteen thousand and nine hundred then we are issuing ten pieces of let's suppose keyboards that becomes 17,200 then we have 20 pieces of hard drives that becomes 21200 or we can decrease the price also to make it a lump sum all that's suppose we are receive an invoice of this twenty one thousand two hundred and then save it cancel it so we need to check the larger reports it is refresh so this is the down payment that is 100,000 and against that down payment we receive an invoice of 80,000 so the the remaining balance become [Music] 20,000 and then we receive another invoice status twenty one thousand two hundred so the remaining payable balance now it is 1200 which we need to pay him so in the next step we're gonna pay him 1200 [Music] so call the task and that is a payment select the party that is on Hanah traders and we are paying him [Music] let's suppose a cash for 1200 so that is your two invoices are there and that is your the down payment advances are there so right now we are paying him 1200 so assume it that we gonna pay against this invoice the last one that is 1200 and up and then save it if you check the reports [Music] the ballots become zero again so that is a step that is how you issue a down payment advances or the prepayment to the supplier in sage 50