ERPNext Accounting
What is Payment Reconciliation?
- Payment Reconciliation
- Payment Reconciliation in ERPNext links outstanding payments and advances to their corresponding invoices to clear open entries in the ledger.
Running Payment Reconciliation
Go to Accounting → Payment Reconciliation. Select the Party Type, Party, and Receivable/Payable account. Click "Get Unreconciled Entries" — ERPNext lists unlinked payments and invoices. Allocate payments to invoices and submit.
When to Use Payment Reconciliation
Use this tool when Payment Entries were posted without linking to invoices, or when advances need to be adjusted against multiple invoices. It is particularly useful for bulk reconciliation at month-end.
Need help with Payment Reconciliation?
Infonoxe Technologies specialises in ERPNext implementation and custom software for Indian businesses.
Related Terms
Payment Entry
A Payment Entry in ERPNext records money received from customers or paid to supp…
Advance Payment
An Advance Payment in ERPNext records money paid to a supplier or received from …
Accounts Receivable
Accounts Receivable in ERPNext tracks money owed to your business by customers, …
Accounts Payable
Accounts Payable in ERPNext tracks money your business owes to suppliers, helpin…
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