Manage Customer and Supplier Balances

Accounts receivable is what customers owe you. Accounts payable is what you owe suppliers. Biznsbook tracks both automatically as you invoice and pay.

Customer balances

1. Create a sale invoice under Sales — posting it increases the customer's balance and records revenue.
2. When the customer pays, record a cash receipt or cheque receipt voucher against them.
3. If a customer returns goods or you issue a credit, use a sale return or credit note to reduce what they owe.

Supplier balances

1. Enter a purchase invoice under Purchasing — posting it increases what you owe the supplier.
2. When you pay them, record a cash payment or cheque payment voucher against them.
3. You can allocate a payment to one bill in full, or split it across several open bills.

Reports

Report	Menu	Shows
Party ledger	Finance & Accounting → Party ledger	All activity for one customer or supplier
Aging report	Finance & Accounting → Aging report	Balances grouped by how overdue they are
Statement of receivable / payable	Accounts Receivable / Accounts Payable	A formal statement you can send or file

Next step

Enter opening balances

Bring in your starting balances when you go live.