Bank Payments & Receipt

YouTube: Journal Entries, Cash/Bank Vouchers

Step-By-Step Guide:

• Navigate to the Accounts and expand A/C Vouchers

• Lastly, Select Bank Payments

• Input the Relevant Header Information

  • Account Head

  • Amount

  • Narration (if needed)

• When entering payment/receipt, a list of pending bills appears.

  • Select the bill you want to adjust.

• After adjusting the voucher, proceed to save it to ensure the ledger is updated accordingly.

Bank Receipts (For Cheque Payments):

• Navigate to the Accounts and expand A/C Vouchers

• Lastly, Select Bank Receipt

  • Note: If the customer makes a payment through a cheque, use the Bank Receipts voucher.

• Input the Relevant Information:

  • Cheque details

  • Date

  • Bank account

• After adjusting the voucher and entering all necessary details, save it to ensure the ledger is accurately updated.

Viewing Entries in Ledger

• To verify the entries:

  • Navigate to the Reports/Queries section.

  • Expand the Financial Reports menu.

  • Select Ledger from the list.

  • Choose the desired account (e.g., Vendor, Customer, or Bank).

  • Click Generate to view the ledger report.

• The ledger will display the journal entry along with its impact on account balances.