Party Reports
Two reports about individual parties — customers and suppliers.
| Report | In one line |
|---|---|
| Party Payable / Receivable | Net balance per party |
| Party Statement | Ledger statement per party |
Party Payable / Receivable
The net balance for each party — whether they owe you, or you owe them.
It tells you whether
- the party owes money to the business — a receivable, or
- the business owes money to the party — a payable.
Example
- Customer A owes your business Rs. 25,000. That is a receivable.
- Your business owes Supplier B Rs. 40,000. That is a payable.
Because a party can be both customer and supplier, this report nets the two sides into a single position per party.
Party Statement
A ledger-style statement for one party: every transaction between you and them, in date order.
For a single customer you can review:
- sales,
- payments,
- the outstanding balance,
- any other transactions on the account.
When to use it. This is the report to send a customer who queries their balance, and the one to open before a difficult conversation about an overdue account.