UNIKBOK / Swedish bookkeeping examples / Customer paymentPå svenska
How to book a customer payment
The customer pays an invoice of SEK 1,000 to the business bank account.
How to book it
Invoice method – on paymentInvoice method
| Account | Account name | Debit | Credit |
|---|---|---|---|
| 1930 | Företagskonto (Business bank account) | 1,000 | |
| 1510 | Kundfordringar (Accounts receivable) | 1,000 | |
| Total | 1,000 | 1,000 |
Cash method – on paymentCash method
| Account | Account name | Debit | Credit |
|---|---|---|---|
| 1930 | Företagskonto (Business bank account) | 1,000 | |
| 3001 | Försäljning 25 % moms (Sales, 25% VAT) | 800 | |
| 2611 | Utgående moms 25 % (Output VAT 25%) | 200 | |
| Total | 1,000 | 1,000 |
Revenue and VAT are recorded only when the payment arrives.
Common mistakes
- Booking the payment against 3001 instead of 1510 under the invoice method, which doubles the revenue.
The UNIKBOK accounting software has a ready-made template for customer payment. Take a photo of the document, and the software suggests the accounts, VAT and journal entry for you.