Party Balance field in Payment Entry (what is it?)

1

I’m confused by the “party balance” figure in the payment entry. It is different from outstanding payable balance to a supplier.

The official ERPNext documentation reads it as " * Party Balance : The overall amount receivable or payable from Customer or Supplier from Invoices set in the current Payment Entry. Paid amounts will be positive and if advance payments are made, they will be negative."

But I’m not sure what is meant by this.

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2

Hi @thelahera,

if you check in the general ledger then your supplier balance show in -(balance).

And for verification so check in the ledger of a supplier, which shows a total number of Credit Balances and a total number of Debit balances.

Balance Total = Debit Amount Total - Credit Amount Total

Thanks.

1 Like
3

Thanks for the reply!

I checked my supplier outstanding items there were total 7,594,113 credit (payable) balances. And 188,793 debit (receivable) balance.

The problem is the party balance is -10,821,181 which still does not explain how it is calculated. (if you see the my screen capture above, it shows that amount)

And in “account balance” the correct balance is shown as 7,405,320

4

Ok and for cross check: can you say me that what is show total in supplier master dashboard?

is it same show total?

Thanks.

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5

I don’t have the dashboard. I read the total supplier outstanding from all suppliers as 37,021,789 and For this specific supplier the balance is shown as 7,405,320 which matches the “account balance” figure shown in payment entry but not the “party balance”

6

Maybe it’s a bug because party balance = total balance of supplier in general ledger.

but again reload and try to make fresh payment entry and check it.

Thanks.

7

Thanks. I tried several times but the result is the same.

8

Appreciate if i can get a straight answer.

9

Hi,

I understand this is late for a reply to this query. Just thought of updating my finding.

As far as I can understand, “Party balance” is across all the companies in ERPNext and the Account Balance is based on the company on which the Payment Entry is getting created.

Hope it makes sense in that aspect.