ayment on account is any partial payment of an amount that is owed, either to you or by you, that’s not matched to a specific invoice.
ou receive a payment from a customer
nd a payment to a supp
treated as a payment on accoun
out making reference
hen payment on account o
n when credit is used for acquiring goods or services, and then payments are made over the course of time in varying amoun
make a payment to a supplier that you can’t allocate at the time to invoices received, you can designate this as a "payment on account"
n at a later date, you can match it with the invoice/invoices it relates to, or partially match it
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