![]() Sage 50 gives industry solutions for various business sectors including accounting, manufacturing, distribution, and construction. ![]() The system tracks inventory and creates a purchase order particularly when levels are running low. The inventory management platform of Sage 50 helps users monitor inventory based on qualifiers including size, style, and color. The software includes analytics and forecasting that can be exported into Microsoft Excel. Its security and audit functions enable users to monitor who is editing and entering data or accessing certain functions. Sage 50 incorporates built-in data checks that detect accounting mistakes as well as suspicious transactions. Sage 50 is an ideal accounting solution for small businesses with products such as invoicing and billing, software analytics, security reporting, and inventory management. This software is perfect for businesses in various industries including pharmaceuticals, architecture, hospitality, and telecommunications. In the payable module, companies can generate vendor bills, produce aging reports, monitor credit card purchases, as well as check the status of payments. NolaPro offers an accounting solution for companies that need to manage employees, vendors, and customers. Its accounting ledger includes double-entry accounting, a balance sheet, account summarizations, and the capacity to produce profit and loss reports. NolaPro features a module in which companies can monitor sales, develop customer profiles and incorporate employee tracking time and other management applications. This software features order tracking, POS, inventory, and more. NolaPro is a customizable accounting solution developed by Noguska LLC. The use of accounting software enables companies to utilize the resources in their departments effectively, diminish costly accounting mistakes and improve operational efficiency. Numerous accounting software programs are available to help manage the financial transactions of your business, with programs ranging from basic accounting to total management of your company finances (also known as Enterprise Resource Planning or “ERP”). You record the payment using the Receive Payment window or by selecting the Receive Payment option in the Bank Feeds window.Accounting software can make running a business and paying taxes easy.Īccounting is one of the most crucial functions of a business, but today’s entrepreneur needn’t worry. A credit for the second payment will be automatically created. As this invoice is now paid (or closed), you'll need to select the Include Closed Sales option to see it. If your customer paid an invoice twiceĪpply the first payment to the unpaid (open) invoice as you normally do and then record another customer payment and apply the second payment to the same invoice. For more information, see Settling credits. A credit for the overpaid amount will be automatically created.Īfter creating the credit, you can settle it by refunding the amount or applying it to a future invoice. These amounts must match or you'll get an unbalanced transaction error. When recording the payment in the Receive Payment window, enter the full payment in the Amount Received field and in the Amount Applied column in the scrolling list. If your customer overpaid the invoice amount After creating the credit, you can settle it by refunding the amount or applying it to a future invoice. How you create a credit depends on how the overpayment was made. To create a credit for the overpaid amount Have you simply recorded the wrong payment amount? Delete the payment and record it again. It's a good idea to first check with your customer on their preferred option but no matter what route you choose, you'll be back to doing business in no time. ![]() create a credit and apply it to a future invoice.Mistakes can happen, but there are a number of ways you can easily handle the overpaid amount: When paying an invoice, sometimes your customers may accidentally overpay or record the payment twice. ![]()
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