SAV Academy · Banking & Cash
Customer receipt
Purpose
Record money received from a customer and settle it against outstanding invoices.
Who uses it
Cashiers and accountants with the Banking permission.
Prerequisites
- •A customer with an outstanding balance
- •The bank or cash account that received the money
Step by step
- 1Open Banking → Receipts → New.
- 2Select the customer and the receiving account (cash or bank).
- 3Enter the amount and method (cash, bank, cheque).
- 4Allocate the receipt to one or more open invoices.
- 5Post the receipt voucher.
Key fields
| Receiving account | The cash/bank account debited. |
| Allocation | Which invoices the receipt settles. |
| Method | Cash, bank transfer or cheque (cheques may become PDC). |
Practical example
Gulf Trading LLC pays 1,050 AED against the invoice; you allocate the full amount and the invoice becomes settled.
Accounting impact
On posting: Debit Bank/Cash 1,050; Credit Accounts Receivable 1,050 — the receivable clears on the customer statement.
VAT impact
A receipt has no VAT impact — VAT was recognised on the invoice, not on payment.
E-invoice impact
No e-invoice document is produced by a receipt.
Warnings
- •Allocating to the wrong invoice leaves both balances misstated.
Common mistakes
- •Recording a receipt without allocating it, leaving invoices open.
Tips
- •Use auto-settlement to allocate to the oldest invoices first.