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|
Let us learn how to settle all the above-mentioned invoices against the multiple receipt vouchers booked.