Accounting

Invoice vs Payment

Payment

Payments from customers are added to your designated accounts. Payments are debits. When a customer purchases from you and makes a payment, you can create a payment voucher for inputting to your accounting system.

Invoice

Customer invoices are credited sales. Which means, if you make a sale with an customer invoice, the customer owes your company money, which has to be fulfilled by a single or multiple payment vouchers.

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