Payments hold a top priority as they are the first line item on a company’s income statement, often referred to as sales. They are recorded independently of deposits, sales items, taxes, attached invoices, and other related entries.
Add Payments
With WP Ever Accounting, you can seamlessly add new sales to the respective account. To record a payment, click on the Add New button, which will direct you to a dedicated page. The currency for the sales will automatically align with the currency of the selected account.
Adding payments requires an existing account. When creating an account, you must select a currency. Consequently, any payment added to the account will automatically use the designated currency. The payment will then be converted to the default currency and included in the total income.
Payments List – Components
When a payment is added, it is listed in the payment overview, showing details such as the payment number, date, account, customer, amount, and any available reference. Additionally, payments can be edited or deleted individually as needed.
