#Creditors

Track money your organization owes to suppliers, vendors, or other parties.

#Creating a Creditor

1. Go to Finance → Creditors
2. Click New Creditor
3. Fill in:
   • Name — Creditor's name
   • Amount — Total amount owed
   • Date Opened — When the debt was incurred
   • Contact Info — Email, phone, address (optional)
   • Notes — Additional information

#Managing Creditors

#Viewing Creditors

The table shows:

• Name
• Original amount
• Current balance
• Active status
• Date opened

#Recording Payments

When you make a payment to a creditor:

1. Open the creditor record

2. Click Add Payment

3. Enter:

   • Amount — Payment amount
   • Date — Payment date
   • Payment Method — Cash, Check, Bank Transfer, Credit Card, or Other
   • Description — Optional notes (e.g., check number)

4. Click Save

What happens:

• Payment is recorded
• Balance is automatically reduced
• If balance reaches zero, creditor is marked inactive

#Payment Methods

#Viewing Payment History

Open a creditor and check the Payments tab to see all recorded payments.

#Editing a Creditor

1. Click on the creditor
2. Click Edit
3. Make changes and save

#Closing a Creditor Account

When fully paid:

• The creditor is automatically marked inactive
• You can set a Date Closed for your records

To manually close:

1. Edit the creditor
2. Toggle Active off
3. Set the Date Closed
4. Save