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The Book-keepers Forum (UK) -> Book-keeping Software -> Xero - Posting a Payment on Account
Post Info TOPIC: Xero - Posting a Payment on Account
Stuartbham


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Xero - Posting a Payment on Account
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Evening all,

Not sure if anyone can help but a client has paid me £60 in cash which I would like to show in Xero as a payment on account on his customer account. I have set up a Cash bank account to log the money received, but I am not sure how to credit the customers account? At present I've gone into the cash account, receive money, but although I can enter the £60, it's asking for a nominal a/c e.g. accounts receivable, whereas I specifically want to allocate it to the customers a/c in the sales ledger.

I'm also on cash accounting for VAT so I want to ensure the VAT is accounted for correctly.

Can anyone please help?

Cheers,

Stuart



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Stuart

Birmingham City FC - Blues is my religion St Andrews is my church
MarkS


Expert

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Posts: 1501
Date:
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Hi Stuart

Post it as a prepayment.  See the following link on Xero TV that explains how to do it.

http://www.xero.com/uk/tv/video/?id=5156-process-prepayments

or you can always look at the help centre

https://help.xero.com/UK/#BankAccounts_Prepayments

Regards

Mark



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
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