1.3.1: How to Post Opening Balance of Customers.3 Views •
1.5.4: How to Record Cash Transactions and Reconcile Journal Entries.3 Views •
1.3.2: How to Post Opening Balances for Suppliers.3 Views •
1.5.3.How to Reconcile Journal Entries.2 Views •
1.4: How to Create Bank Account2 Views •
1.5: How to Create a Bank Statement.2 Views •
1.6.2: How to View Tax Report.2 Views •
1.5.2 How to Record Transactions and Reconcile Journal Entries.2 Views •
1.1: How to Create a Journal.1 Views •
1.5.1: How to Record Transactions in a Bank Statement.1 Views •
1.3: How to Create Journal Entries.1 Views •
1.2: How to Create a Chart of Accounts.1 Views •
Overview1 Views •
1.4.1: How to Create Bank Opening Balance.1 Views •
8.1: How to Generate a Pay Slip for a Single Employee.0 Views •
Overview0 Views •
4.2: How to Create a Sales Return.0 Views •
2.1: How to Create a Request for Quotation(RFQ).0 Views •
Overview0 Views •
3.1: Valuation Based on Number of Quantity of Products.0 Views •
How to register payments.
To register payment, follow the steps discussed below in the accounting module as we create a bank statement:
Step 1. Search the bank in which you wish to record the transaction as shown below. Then click on the (3dots) as shown below.
Step 2. On the new page that opens up,Click on statements as shown below.
Step 3. On the new page that opens up, click on create to create new bank statements as shown below.
In this case, we paid the supplier using a cheque from the Co-Operative bank and we recorded the details as shown below.
Step 4. Indicate the maturity of the cheque as well as the cheque number as shown below.
Step 5. Continue to record all transactions relating to these bank accounts until you are done.
Step 6. When done, click on save button and reconcile button to reconcile the payment made and the invoice received from that particular supplier.
N.B: Reconcile on a daily basis.
On successful paying the supplier, the stage of payment will be indicated as paid as shown below.
Next: How to Reconcile Statements