The Incoming Payments Window is used to create a new record for each payment the business receives from a customer, account, or vendor.

An incoming payment can be recorded for any of the following methods of payment:

  • Cash
  • Check
  • Credit card
  • Bank transfer
  • Bill of exchange

When you add a new incoming payment:

  • A corresponding journal entry is created
  • If it is to clear a document or transaction, internal reconciliation occurs automatically

You can create an incoming payment to:

  • Clear the amount owed of an open A/R invoice
  • Clear the amount owed of an opening balance
  • Apply towards a down payment received before good/services were rendered

To access the Incoming Payments Window inside the SAP Business One application, navigate to: Banking > Incoming Payments > Incoming Payments

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