A contractor pays by cheque

Nuwan, owner of a paint and hardware shop (sample business). What the builder owes against their credit limit, the statement line by line, and the cheque recorded against the invoice it pays.

Sample dataSunrise Paint CentreS

Saman Builders

Trade customer · B2B partners

Open customer

Account

Owed nowRs107,350.00

Credit limitRs150,000.00

Rs42,650.00 left to buy on account

Usual discount5%

Orders38

Credit in handRs0.00

Above the limit, an on-account sale is stopped at the till

Statement

Ledger

DateItemDebitCreditBalance

01 SepOpening balanceRs42,000.00Rs42,000.00

06 SepInvoice INV-0981Rs48,600.00Rs90,600.00

15 SepPayment · chequeRs42,000.00Rs48,600.00

24 SepInvoice INV-1027Rs35,900.00Rs84,500.00

03 OctInvoice INV-1055Rs22,850.00Rs107,350.00

Closing balanceRs107,350.00

Record payment

Amount

Rs48,600.00

Method

Bank transferCheque

Reference

Cheque 004517 · BOC

Allocate to

Invoice INV-0981Paid in full

Record payment

A trade customer's account · sample data← → to move · Esc for the whole screen

14:00Step 1 of 3

Owed now, and the limit

Saman Builders' account: what they owe, their credit limit, what is left to buy on account and their usual discount.

All tours

A contractor pays by cheque

A contractor pays by cheque: guided tour, 3 steps

Owed now, and the limit