# Accounts Receivable & Payable vs Installment Receivables | Triplem VIP > Track customer receivables and supplier payables in Triplem VIP with posted invoices and bills, partial payments, credit and debit adjustments, aging reports and party balances. Canonical page: https://triplem.vip/seo/accounts-receivable-payable.html Last reviewed: 2026-09-22 Maintained by: Triplem VIP / Nadeem Shahzad Fida ## Track what customers owe and what the business owes Turn posted sales and purchase documents into controlled receivable and payable balances, then settle them through recorded payments and aging reports. ## Know what customers still owe. Receivables begin when a posted customer document creates an open balance and end as receipts and linked adjustments reduce that balance. ### Customer master Store customer identity and tax number for reuse across documents. ### Sales invoices Posted receivable documents create open customer balances. ### Customer receipts Record money received into a selected Accounting cash or bank account. ### Aging See how long open balances have remained outstanding. ### Credit notes & returns Use linked adjustments rather than rewriting the original posted document. ### Customer balances Review document counts and open balances by customer. ## Know what the business still owes suppliers. Payables track supplier obligations from posted purchase documents through settlement. ### Supplier master Store supplier details once and reuse them in purchase documents. ### Supplier bills Posted bills create open supplier balances. ### Supplier payments Record settlement against the payable balance and selected Accounting cash or bank account. Segment unpaid supplier documents by overdue age. ### Debit notes & returns Record purchase-side adjustments without deleting history. ### Supplier balances Review bills and outstanding balances by supplier. ## Documents create balances; payments settle them. This separation preserves the commercial document and its subsequent settlement history. ## Open balances become actionable collection and payment information. The report set supports both document aging and party-level summaries. ### 0–30 days Recently due or current open documents. ### 31–60 days Balances that require closer follow-up. ### 61–90 days Older unpaid balances with increasing collection or payment risk. ### 90+ days Long-outstanding balances highlighted separately. ### Customer Balances Count receivable documents and open balance per customer. ### Supplier Balances Count payable documents and open balance per supplier. ## Explore the wider Triplem VIP workspace beyond formal Accounting. Loans, assets, notes and Bitcoin tools remain first-class operational modules and are not removed when Accounting ERP is introduced. ### Loan management Given, taken, repayments and settlement history. ### Assets & depreciation Acquisition, income, costs, depreciation, book value and reports. ### Notes & reminders Searchable notes and scheduled follow-ups. ### Bitcoin wallet tools Watch-only, client-side wallet access, history and PDFs. ## Practical questions about receivables & payables. The answers below describe the current Triplem VIP Accounting workspace and its present boundaries. Accounts receivable represent amounts customers still owe on posted receivable documents. Accounts payable represent amounts the business still owes suppliers on posted payable documents. Yes. Payments can be recorded against open documents, reducing the remaining balance until it reaches zero. Yes. Receivables and payables aging reports group open balances into 0–30, 31–60, 61–90 and 90+ day buckets based on due dates. ## Installment Plans Sold and Accounting Receivables are related ideas, not the same ledger. Triplem VIP keeps the operational installment schedule distinct from formal Accounts Receivable unless the user records the corresponding Accounting document and payment workflow. A Sold installment plan can show who is expected to pay, advances received, installment receipts and the remaining operational receivable. Accounting AR/AP remains document- and posting-driven for formal books, aging and financial statements. ## International finance for India, Europe and users worldwide. Triplem VIP is designed for international personal and business finance. Current supported currencies include AED, SAR, PKR, USD, EUR, INR and BTC where applicable, while regional subscription pricing can present a locally supported billing currency. ### India with INR Users in India can work with Indian Rupee (INR / ₹) across supported multi-currency finance workflows and regional subscription pricing. ### Euro-region support Users in Belgium and other countries where the euro is used can work with EUR / € in supported finance workflows and regional subscription pricing. ### Need another currency? Triplem VIP is built to serve users in any country. If your currency is not currently available, contact Triplem VIP and support can review adding it for your country. Currency availability can expand as user demand grows. USD remains the regional default where another supported local billing currency does not apply. Tax, reporting and statutory requirements still depend on the user’s jurisdiction. ## Continue through the Accounting ERP guide library. Move from concepts into setup, transaction cycles, reconciliation and reporting without leaving the Triplem VIP product vocabulary. ### Accounting ERP Complete double-entry accounting workspace. ### Double-entry accounting How debits, credits and posting work. ### Chart of Accounts Structure assets, liabilities, equity, income and expenses. ### Bank reconciliation Match statement evidence to posted journals. ### Financial reports Trial Balance, P&L, Balance Sheet and more. ### VAT accounting Input tax, output tax and tax-code analysis. ## Editorial and regional references - [Editorial policy](https://triplem.vip/seo/editorial-policy.md) - [Worldwide availability](https://triplem.vip/regions/index.md) ## Official Triplem VIP contact Email: info@triplem.vip Facebook: https://fb.com/triplem.vip TikTok: https://www.tiktok.com/@triplem.vip