Guide7 topics4 FAQs

Party Management — Add, Track & Manage Customers & Suppliers

In Stock Register, a 'Party' is any person or business you transact with — a customer you sell to or a supplier you buy from. The Party Management feature lets you maintain a complete contact directory with GST details, track every transaction and payment for each party, monitor outstanding balances (who owes you and whom you owe), and generate downloadable ledger reports. This is the foundation of your business relationships — accurate party data means accurate invoices, reports, and GST filing.

Step-by-Step Guides

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Frequently Asked Questions

Yes, you can add a new party directly from the invoice creation screen. Simply type a new name in the party field and save the new party details without leaving the invoice page. This saves time when you are billing a new customer.

Go to the Parties section and use the 'Receivable' filter to see all parties who owe you money. Click on any party to see their complete transaction history and outstanding balance. You can also download the party ledger report to share with the customer as a statement of account.

Yes, you can create custom party categories (e.g., Regular, Premium, Wholesale) and assign them to parties. Use the Category Filter on the party list page to quickly view parties in a specific category. This is helpful when you have hundreds of parties and need to segment them.

Opening Balance is the amount a party already owes you (or you owe them) when you start using Stock Register. For example, if a customer already owed you ₹5,000 before you began using the app, set that as their opening balance. This ensures your party balances are accurate from day one.

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