▪️Receivables

Track incoming payments easily. The Receivables Page displays debtor details, owed amounts, payments received, and due dates for efficient management.

Receivables

Receivables are amounts owed to your institution by individuals or other entities (debtors). These can be things like rent owed, branch transfers, or money expected from customers or partners.

How it works

• When registering a receivable, you select the Debtor and the Affected Income Account.

• Just like with creditors, you only add a debtor once — then it stays saved and you can select it in the future.

• You enter the amount receivable, reference number, expected payment date, and any comments.

Collecting a Receivable (when the money is received)

When you receive the money, you clear it under Accounting → Register Journal Entries by searching for the same receivable account and entering the amount collected.

Reversals

If a receivable needs to be cancelled:

• Scroll to the far right

• Click the three dots (⋮)

• Select Reverse

• After approval, it will also show a red strike-through, indicating it has been reversed.