For Advance Against Invoice

Many times, advance payments are made during normal trade. Such advances are adjusted against future invoices from the customer.

Step 1> Go to “Receipt “under “Income tab”.

Step 2> Click on “Add receipt.

Step 3 > Select for advance against invoice in payment type.

Step 4 > Now select Payment method.

Step 5 > Now select the date.

Step 6 > Select relevant Bank/Cash

Step 7 > Enter the Amount.

Step 8 > Select the customer from the drop-down menu.

Step 9 > Add a note for your reference.

Step 10 > Click “save.”

Moiboo automatically creates relevant accounting entries in the Daybook, ledgers, Financial and Tax Statements as well, so you can save time on separate accounting entries.