GST Zen makes it very simple for you to keep track of your sales and
receivables. From a sales invoice, the customer’s receivables summary is
one click away.
Let us now record a payment received against an Invoice. From the Invoice’s
page, click on “New Payment” and record the details. In this case, the
customer has paid us 90% of the Invoice value by check. This amount goes
into our bank account. The customer has also deducted 10% as TDS. This
amount goes into the TDS receivables ledger. As a side note, you can use
GST Zen to reconcile TDS deductions very easily at the end of the year.
After recording these payments, we can see the updated receivables picture
for our customer listing all Invoices issued to the Customer and all
payments received from them.