If we raise a proforma invoice i.e draft sales invoice till the time we receive the payment from the customer we have not submitted the sales invoice. How can we track ageing receivable report for the draft sales invoices raised?
Hi,
Draft documents have no effect on accounting.
Thanks,
Divyesh M.
Yes I know. But if we want to keep a track of account receivables without raising the actual sales invoice till the time we receive actually payment, is there any alternative way for that?
You could write a custom report that tracked draft Invoices. There’s nothing I’m aware of that comes built in.
We keep proforma under a different series that ways, we can still follow up the customer with their ledger updated as per the balance from proforma as well, and when the time comes we cancel proforma and duplicate them using tax series
Hi
The best case to use sales order as Pro Forma Invoice and payment terms template within can help control aging purposes. Here is an example;
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Maybe instead of using a draft Sales Invoice, you could use a submitted Sales Order. Then make a custom Print Format for an order to look like a proforma invoice. Which then means that for your reporting you can compare the ordered vs invoiced vs paid amounts?