In case you have received a lump sum payment & want to settle multiple invoices at once, you can do that from the Payment Receipt section in the sidebar.
Go to sidebar > Accounting > Payment Receipts > Click on "Create Payment Receipt"
You will see two options: Payment Receipt & Client Advance.
Select "Payment Receipt" to create a receipt for already outstanding Invoices.
Step 1: Select Client
Firstly, select the client for which you want to create a Payment Receipt. Other details such as Payment Receipt No., Currency, and Receipt Date will be automatically filled. You can edit them if required.
Step 2: Add Payment Record
Just fill in the payment details such as the total amount received, transaction charges (if any), TDS (if applicable), payment date, payment method, and the account in which you received the payment.
Step 3: Settle Unpaid Invoices
As you see below, the system will automatically fetch all the unpaid invoices of that client. By default, it will settle the older Invoices first and then the subsequent invoices. But in case you don't want to do that, you can manually choose which Invoice to settle and for how much amount.
Then just click save to generate the Payment Receipt.
The Payment Receipts will show the details of which Invoices are completely paid & which are partially paid. Here's what a typical Payment Receipt might look like:
That's it! Creating Payment Receipts is now a breeze with Refrens!