1.6 KiB
Payment Tool
###Payment Tool The Payment Tool Feature allows non-accounting personnel to generate Journal Entries by populating relevant fields in the Journal Entry with account and payment details.
To go to Payment Tool, click on Accounts > Tools > Payment Tool.
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Select the Company Name.
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Select the Party Type (Customer or Supplier) and the name of the customer or supplier against whom the payment has been made or received.
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Use the Received Or Paid field to specify 'Received' if payment is being received or 'Paid' if User is making the payment.
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Select the Mode of Payment and the Payment Account .
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Enter the Reference Number and Reference Date of the payment, for instance, the Cheque no. and Cheque date in case the payment is being made by cheque.
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Click on Get Outstanding Vouchers to fetch all the valid Vouchers, Invoices and Orders against which a payment can be made/received. These will appear in the Against Voucher section.
- Note: In case User is paying a customer or receiving payment from a supplier, add the details regarding the relevant invoices and orders manually.
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Once details have been fetched, click on the detail entry and enter the payment amount made against that Invoice/Order/Voucher
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Click on 'Make Journal Entry' to generate a new Journal Entry with the relevant Party Details and Credit/Debit details filled in.
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