Using Reference For Payments

When you enter a supplier invoice, a cash expense or any payment, you can enter a reference for the payment.

1. This is mainly intended for cheques, where you can enter the cheque number as reference. This makes it easier to track the cheques you write.
2. You can enter a text that refers to who made the payment, or to whom the payment was made. The reason for entering such information is that the reference is displayed on the account statement for your deposit account.
3. Payment reference is optional, so you can also keep this field blank.