Can someone help with how to add Set Advances and Allocate (FIFIO) to a journal entry
hi
not sure what you mean ???
An example or use case ?
That is not what I meant … I meant what are you trying to achieve with that ???
The reason behind this is, in case we made or received advances to/from supplier or vendor such cases fetch those details to a general ledger or sub-ledger.
But isn’t payment entry used for that ???
if its an advance payment … for customers, you will making the payment on Sales order and for Suppliers it will be on the Purchase order…
https://docs.erpnext.com/docs/v12/user/manual/en/accounts/advance-payment-entry
These entries are shown in the General Ledger as well…
A Journal Entry is entry between 2 account heads… You can of course make an advance payment using a Journal Entry and selecting the Party Type and Party with references to the documents etc