Every payment received is applied against its invoices and generates its journal entry, in bolívares or in foreign currency.
What’s included
- Collections in bolívares and foreign currency. Record the payment in the currency you’re paid in; the exchange difference is calculated automatically.
- IGTF on collections. The tax on large financial transactions, included in the collection or paid by other means.
- Customer advances, which you later apply to their invoices.
- Early payment. Discounts for paying early.
- Customer withholdings. Record the IVA and ISLR withholdings your customers apply to you.
- Apply credits and adjustments. Offset credit notes and credit balances against invoices.
- Customer account statement, to view and print.
- Printed receipts and Excel. Print the payment receipt and import or export collections to and from Excel.