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Partial payment invoice example for Purchasing

in this video we cannot learn that how to do payments to our vendors or suppliers in the previous videos we have purchased different items from our supplier ed theory so that is a vendor ledger balance for the rate very that we receive two different invoices one thousand and one thousand nine the first invoice that is forty three thousand three fifty and the second one is fourteen thousand four fifty so the total payable balance to the red fairy that is fifty-seven thousand eight hundred now assume it that we receive call from the red fairy that due date is near and we need to pay to the red fairy this forty fifty seven thousand eight hundred but we had a conversation with the with our supplier that right now we have a shortage of funds that we go no we are not going to pay them fifty seven thousand eight hundred this time the full payment we have to do a partial payment right now of fifty thousand first we gonna issue them a check off 50,000 for let's suppose the due date is 31st of August or let's suppose tenth of the next month we're going to issue a cheque of 50,000 and the remaining balance amount we're gonna pay after I think so we have a scenario that we are doing a full payment and the partial payment and then we also check the reports for the full payments and the partial payments for our supplier red fairy so the first step is that we have to issue a check off 50,000 from the bank account to by Islamic bank and that is on 10th of next month for example 10th of September so how to do a payment you can click here vendors and purchases and here we have this option payables you can use this or the easiest one is that you can click on this task and in the tasks we have the option payments so click this option press ok you can change that the payment method I will tell you how to do it in the next window maximize it so you can select here that is a vendor ID we have the option for the customer also so you need to select the vendor ID and here you need to select the party account that is red fairy so internet fairy that is an address of the red fairy here you need to mention the cheque reference number if you're issuing an e-check let's pause on giving a reference number nine seven five double to and that the checked it is 10th of next month and that is what we are paying a checked you need to select the bank account here that we are going through the by islamic bank that is a memo number that reference somewhere you can give and here we have two options here apply to invoices and apply to expenses we have to do this apply to invoices because we have to open invoices one thousand and one thousand nine and the due date of this invoices are these eleven and thirteen so that is a total amount forty-three thousand 350 and fourteen thousand four fifty so we are paying right now 50,000 so you can write here the description also let's suppose partial payment ooh great ready [Music] this enter if there is a discount you can write the amount here we're early and if you are being partially then you need to write here the amount manually but let's suppose right now we are paying them fifty thousand so against this invoice I'm gonna pay full so click this pay it will select the entire amount forty three thousand 350 and the balance amount we are going to pay against this second advice that is fourteen thousand five fifty so that is a case of a partial payment that how to do a partial payment in sage 50 so we are paying against the first invoice that is forty thousand forty three thousand three fifty so total we are paying fifty thousand so the remaining balance we can enter in this against this invoice manually so that is six thousand six fifty and then press Enter so it's mean that against the second invoice number one thousand nine that annoys total is fourteen thousand four fifty and against this invoice you're paying six thousand six fifty so the total is how much now fifty thousand we are paying that is the first partial payment and then save it and if you want to check the reports we can go in the reports and form in the reports in form we have accounts payable we have vendor Ledger's here click on option because I want to see only the directory and press ok ok that is because that the report is for the August I want to see for the next month also let's suppose 30th of September and press okay so now look the first two are our invoices the purchase journal 43 350 and 14,000 450 so the total balance was fifty-seven thousand eight hundred but now we pay fifty thousand on a tenth of the next month on 10th of September so the balance amount is now seven thousand eight hundred that is a still a payable balance to great theory so this is how we do a partial payment in sage 50