The Receive payment feature, will automatically generate the transactions to the receipts batch for a selected transaction and print a combined receipt / payment advise (if selected). The transaction will automatically be posted updated to the ledger. 

The "Receive payment" feature may also be launched on the context menu of selected transactions on the "Open item link" screen of a selected debtor (customer / client) account or on the "Open item link" screen of a selected creditor (supplier / vendor) account.  

It will generate the transactions as follows:  

Create receipts - Debtor (customer / client) accounts   

  • Invoices - Positive amount - Debit : Bank account and Credit : Debtor (customer / client) account.
  • Credit notes - Negative amount - Debit : Debtor (customer / client) account and Credit : Bank account.

Create receipts - Creditor (supplier / vendor) accounts 

  • Purchases - Negative amount - Debit : Creditor (supplier / vendor) account and Credit : Bank account.
  • Supplier returns - Positive amount - Debit : Bank account and Credit : Creditor (supplier / vendor) account.