2.1 Create Receivables/Payables

This topic provides systematic instructions to create Receivables/Payables.

Financial instruments such as invoices and debit notes are categorized as Receivables or Payables. They are referred to as, ‘Receivables’ when the logged-in corporate party is the Supplier; and ‘Payables’ when the logged-in corporate party is the Buyer.

Note:

Certain ‘Receivables/Payables’ transactions are only supported on Desktops/Laptops and on Landscape mode of Tablet devices.

The features built for the corporate user for managing receivables/payables are as follows:

• Online Creation
• Invoice Creation with Document Upload (applicable only for invoices)
• Creation through Bulk File Upload
• Edit
• Accept
• View
• Cancel – (prior to it being accepted)
• Save as Template
• Delete Template
• Raising Dispute
• Resolving Dispute
• Assignment

• Invoices
  An invoice is a bill sent from the seller to the buyer, documenting what has been purchased and what payment is owed.
• Debit Notes
  A Debit Note can be interpreted as a request to increase the value agreed upon in the invoice.
• FAQ