What is Payment Entry?
A Payment Entry in ERPNext records money received from customers or paid to suppliers, and links it to outstanding invoices for reconciliation.
Creating a Payment Entry
Navigate to Accounting → Payment Entry → New. Select Payment Type (Receive, Pay, Internal Transfer), Party Type, and Party. ERPNext fetches outstanding invoices automatically so you can allocate the payment amount across multiple invoices.
Bank Clearance and Reconciliation
After submission, Payment Entries appear in the Bank Reconciliation tool. ERPNext also supports payment via the "Pay" button on submitted invoices, pre-filling all details and reducing manual data entry.
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