Best Way to Clear Balance

Question

When someone who has a large balance is willing to pay a certain amount but we should clear the whole balance, whats the best way to enter it in the system?

Answer 1

add a payment with Type "Write Off"

receipt required should not be checked

Comments

By us we give him a payment type "Credit" it does not have a receipt number, so it does not come up on the payment report...

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We have separate Types "Credit" is used when we owe for someone like a bus driver/teacher etc,

and "Discount" for stuff like you asking about,

also you can make a type called "Adjustment"