Account Receivable Adjustment allows you to knock off multiple sales invoices against multiple bank receipts booked against customer.
Let us Understand this by taking an example:
Customer Name - Vipra International Private Limited; four sales invoices have been generated each of the amount Rs- 20,000. TDS Deduction @2%, Payment of Rs 78,644 is received (19961 received against each invoice)
| Invoice Number | Invoice Amount | TDS Deducted | Payment Received | Bank Receipt Voucher |
| OFLOFDEL23020013 | 20,000.00 | 339 | 19,661.00 | BR/OFDEL/2302/0002-1 |
| OFLOFDEL23020010 | 20,000.00 | 339 | 19,661.00 | BR/OFDEL/2302/0003-1 |
| OFLOFDEL23020011 | 20,000.00 | 339 | 19,661.00 | BR/OFDEL/2302/0004-1 |
| OFLOFDEL23020012 | 20,000.00 | 339 | 19,661.00 | BR/OFDEL/2302/0005-1 |
Let us learn how to settle all the above-mentioned invoices against the multiple receipt vouchers booked.