Bank Receipt

Implementation Updated by Implementation

What is Bank Payment?

Bank Receipt is a mode of receipt of money via bank from debtors against the Invoice sent to them for giving them goods or services.

Overview

If we give somebody services or goods and generate an invoice on his/her name then they make payment of invoice amount to us via bank. That is called bank receipt.

Use Case

Suppose there is firm “XYZ Ltd”. This is a manufacturing firm and they sales lots of material on credit. At the end of the month they receive lots of payments from debtors. As per government rules they have to receive all payments via bank.

With this option, they can record all receipts in banking form. And at the end they can match the transactions.

Steps to be performed to create Bank Payment

1.Go to Cash & Bank

2.Click on Bank Receipt

3.Enter Posting date and select bank account. User can change currency and exchange rate as required.

3.1.User can select Vendor,Customer or general ledger for payment. Enter amount narration and remarks and click on save.

3.2.After click on save, it will open simulation. Click on save button again to save the document.

3.3.After saving document, if user want to get print of document then user can click on “Yes Print it”.

4.Print

5.Edit-> Click on edit and select document number from dropdown.

5.1: Make changes as per requirement and save document.

6. User can save bulk entries with the help of CSV. Go in Bank Receipt and click on Import option (marked in below screen shot). The pop up will open and user can download the sample file.

6.2.IN CSV: User will start entering data from 3rd row because 2nd row is reserved for sample data and that will not be saved in system as transaction.

i)Enter serial number 1 for 1 entry. Like there are 3 ledgers will be used for 1 entry then serial number will be same for all ledgers. Serial number will become 2 only with start of second entry. ii) Under document type user can enter document code of all document. RC is the code of Bank Receipt iii) Enter Posting date & document date iv) Enter currency code v) Enter Posting Key vi) Enter Type of Account i.e. Customer, Vendor or GL in form of V/C/GL vii) Account id viii) Enter Amount.

6.3.Upload this csv and save the document.

7.Entry posted in Bank Payment will appear in Vendor & Customer Ledger, Ledger and Bank Reconciliation. Please see related help docs for detailed information.

How did we do?

Bank Payment

Bank Reconciliation

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