Vapor Payments allow your customers to pay directly through invoices. It automatically records every payment made in your account.
After customers make purchases, they will make necessary payments. At that point, you will create a payment voucher on the accounting system. This payment can either be a part payment or full payment. Payments from customers are usually recorded as debits in designated accounts.
To save time, get the invoice number from your customer if it is electronic payments.
In the Purchase-to-Pay cycle, there is the process of payment to vendors. A company will raise Purchase Order (PO) when ordering goods from a supplier. An invoice from the supplier will be received when the goods or services arrive. The invoice which matches the details of the PO will be recorded into the Account Payable.
With this software, it is easy to track outstanding vendor payments.