What is the best way to account for client payments made through a third-party company?

JRM Member Posts: 1 ✭
edited January 29 in Reckon One


I am doing accounts for a sole trader who gets most of his clients to make payments through a third-party company called Pay Advantage. They direct debit clients bank accounts and settle with their banks before sending him one payment a week to cover all the payments taken from all clients during the week.

I am very new to Reckon One. Can you please advise how I would set this up so that I can allocate the money to individual client invoices?



  • Alexander McKeown
    Alexander McKeown Reckon Staff Posts: 147 Reckon Staff

    Hello @JRM ,

    The simplest way of handling this is to create an invoice and have the customers part-pay it over time. It would be a mostly straightforward process of creating an invoice against a customer, then receiving money against it over time. This would make multiple payments go to a single invoice.

    The alternate way is to make multiple smaller invoices, and set it up as a recurring invoice, though this would create multiple invoices/payments.

    Kind regards,

    Alexander McKeown