Customer/ Vendor Payments

What is Customer & Vendor Payments?

Customer and Vendor Payments Management helps businesses track and record all incoming and outgoing payments accurately. It ensures smooth cash flow by linking every transaction with the corresponding invoices or bills, giving you a complete view of your receivables and payables.

Key Features of Customer & Vendor Payments

1. Customer Payments – Record payments received from customers against invoices.
2. Vendor Payments – Process and track payments made to suppliers or vendors.
3. Partial & Full Payments – Manage both full and partial payment transactions easily.
4. Payment Matching – Automatically reconcile payments with invoices and bills.
5. Multiple Payment Methods – Support for cash, cheque, bank transfer, or online payments.
6. Payment Terms – Set flexible payment deadlines and schedules.
7. Refunds & Credit Notes – Handle returns or overpayments efficiently.
8. Bank Reconciliation – Match payments with your bank statements for accuracy.
9. Multi-Currency Support – Manage payments in different currencies with automatic exchange rate updates.
10. Reporting & Analytics – View outstanding amounts, payment history, and cash flow summaries.

✅ Bonus: With Odex, managing customer receipts and vendor payouts becomes effortless — helping you maintain financial accuracy and better control over your company’s cash flow.