If we get the advance payment from the customer, how will we update the payment under that customer name? Customer is asking for ledger for reconciliation his account. Please suggest.
Hey there @gauravsuryan12
I think what you may want to do is create a money in transit asset account to deposit the funds into. Then once you've received the money you'll credit that asset account to reduce it. This article has some good information on depositing checks before they clear. The concept is similar.