Bank Receipts

 

Content
  1. Create New Bank Receipt


  2. View Bank Receipts


  3. Bank Receipt Preferences


Bank Receipts are documents containing detailed information about a financial transaction or simply a payment record.

 

 

 

 


Steps

 

A. CREATE NEW BANK RECEIPT

  1. Go to the Banking module > Bank Receipt and select the New Bank Receipt option. The list of Active Bank Accounts will be displayed.

  2. Select the bank account in which the payment will be deposited to. The Bank Receipt form will be displayed.

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  3. In the General section of the form, details of the selected bank account including Currency and Available Funds are found in the General section of the form. You can also change the bank account by clicking the dropdown button.

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  4. In the Detail section of the form, the date is set to the current date but you can change it accordingly.

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  5. You can enter the number of slips (if theres any) received from the customer.

  6. Enter the name of the payer in the Receipt From field.

    You can also select from a list of customers rather than typing the customer name. You can set this option in preferences.
    See Bank Receipt Preferences

  7. Enter the amount received in the Amount field.

  8. Click on the Address button to enter the address for the payer. Fill in the applicable fields in the Address window.

    If you have set Supplier Search in preferences, the address field will be auto-populated when you select a customer for the payer.

  9. You can also write a note in the Memo field as receipt reference.

  10. In the Expenses section, select the Revenue Account Code and Description for the bank receipt.

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  11. The indicated tax code is the default tax code. You can select your preferred tax code from the dropdown list.

    You can also set a preferred default tax code for bank payments.
    See Bank Receipt Preferences

  12. Save the transaction before closing the form.

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B. VIEW BANK RECEIPTS

  1. Go to the Banking module > Bank Receipts and select Find Bank Receipt option.

    The Bank Receipt History will be displayed with the list of bank receipts received. Select the bank receipt record you want to review.

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C. BANK RECEIPT PREFERENCES

  1. Select From A List of Customer

    If you received a payment, you can opt to select from a list of customer instead of manually entering the customer name for the payer.

    • From the Banking module, go to Setup > Preferences. The Banking Preference form will be displayed.
    • In the Check / Cheque Type field, select Supplier Search option from the dropdown list.
    • Click OK to apply changes.



  2. Set Default Revenue Accounts and Tax Code

    You can set a default expense account code and tax code for bank payments.

    • From the Banking module, go to Setup > Preferences. The Banking Preference form will be displayed.
    • In the Default Revenue Tax Code field, select the preferred default tax code for bank receipts from the dropdown list.
    • In the Default Revenue Code field, select the preferred default expense account code for bank receipts from the dropdown list.




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SEE ALSO:

Recurring Bank Payments / Receipts

  • Thursday, 25 October 2012