Knowledge Base Getting Started Frequently Asked Questions

How to pay off multiple invoices with one payment

This article explains what to do when you receive a single payment from a customer that pays off more than one invoice.

Navigate to the 'Banking' tab at the top of the screen and select 'Bank Accounts' from the drop-down menu.

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Choose the relevant bank account from the list of accounts.

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Then, select the transaction that represents the full amount that your customer paid you.

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From the ‘Invoice’ drop-down, select the first invoice to be paid from the transaction.

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Select ‘Explain Transaction’.

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FreeAgent will then create a transaction on a new line for the amount remaining to be explained. You can repeat this process until all the invoices for that payment have been split out.

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It's fine to have multiple entries explaining a single transaction like this - the only important thing is that the transaction is fully explained.

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