How is the “Amount Due for Payment” calculated when an advance payment is linked to an invoice?
The “Amount Due for Payment” is calculated by subtracting the total linked advance payment from the sales invoice’s tax-inclusive total.
Example:
| Item | Value |
|---|---|
| Item Total | 172,500 |
| Total | 115,000 |
| Advance Payment | 57,500 |
| Amount Due for Payment | 2.00 |
If an additional portion of this amount is paid (e.g., a payment of 55,000), the “Balance Due” appears as the difference between the Amount Due for Payment and what has actually been paid.