Entering payments

Question

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?

Ian C · Answer

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&rsquo;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

Andy Rickeard · Answer

Ian's explained that well, but this article might help to explain the differences as well: Recording Money Received > Andy Sage UKI

Sage 50 Accounts

Entering payments

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