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August 8, 2023
Question

Customer paid off finance

  • August 8, 2023
  • 1 reply
  • 1 view

Hi

 

I have a customer that bought a vehicle from us that we had financed.  The customer paid off the finance and then paid us the remaining balance. How can I show that the invoice raised is assigned to the vehicle liability account and the remaining bank transaction matches the invoice?

 

Thanks

1 reply

Level 13
August 8, 2023

Hi Sarah1712, thanks for joining the Community.

 

It's only possible to select a sales products or services when recording an invoice. To clarify the scenario, was the vehicle a liability to the company financed by an outside lender, which was then passed on to the customer?