Can someone explain the difference between SR and SA payments?
I have employed a book keeper who has put all payments on as SR - how is this different from SA?
Can someone explain the difference between SR and SA payments?
I have employed a book keeper who has put all payments on as SR - how is this different from SA?
An SR is a sales receipt and means it is allocated to an invoice.
Where as an SA is a sales payment on account, this is a transaction that isn’t allocated but could be at a later stage to either an invoice or even refunded.
If you know what to the payment is for, then an SR would be best practice.
Ian
Ian's explained that well, but this article might help to explain the differences as well: Recording Money Received >
Andy
Sage UKI
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