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Match invoices to payments

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Summary

The process of matching invoices and payments in Sage Accounting.

Description

This article explains the process of allocating transactions in Sage Accounting. 

Cause

This article explains the process of allocating transactions in Sage Accounting. 

Resolution

How you can allocate transactions

You can allocate payments when you record the receipt of the payment. Or you can create the payment and match it to the invoice later.

Allocate once you've recorded the payment or receipt

When you record a receipt, payment, or credit note, you select the invoice that is being paid.

You can do this:

  • From the invoice itself, choose Record Payment or Add Credit note
  • From Banking, then Customer Receipt or Supplier Payment
  • When using the Match option with bank feeds or imported bank transactions

Allocate later

This is when you create transactions and don't allocate them to an invoice straight away.

Payment and receipts that aren't linked to an invoice as saved as a Payment on account.

 NOTE: You can't reallocate transactions to a different contact once assigned. In the event of errors, you need to delete or reverse the transactions. You would then process them again for the correct contact's account.