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Journal-Purchase

YouTube: Journal Entries, Cash/Bank Vouchersarrow-up-right

In this tutorial, we’ll guide you through the process of creating journal entries and managing account transactions such as receipts and payments in Logic ERP. Let’s get started!

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Creating a Journal Entry

  • From the list of available voucher types, choose the relevant option for Journal Entry (e.g., for Purchases).

    • Navigation: Accounts\A/C Vouchers and then select "Journal - Purchase".

  • Fill in the following fields:

    • Account Name (e.g., Purchase)

    • Amount

    • Any other required details

    • Narration (optional)

  • Once the Purchase head is selected:

    • A window will prompt you to select the tax type.

  • You can predefine this in the Configuration Settings.

    • Navigation: Accounts/Configurations and then Select "Journal Voucher Configuration"

  • The software will automatically apply the relevant tax entries.

This automation ensures accuracy and saves time during billing.

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Summary

With Logic ERP, you can easily:

  • Create accurate journal entries.

  • Manage receipts and payments.

  • Automatically apply taxes based on configuration.

  • Adjust outstanding bills.

  • Monitor transactions using ledger reports.

This ensures your accounting process is both accurate and efficient.

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