Receipt is equally important in a business. We use receipt when someone pay us a certain some of money towards the consideration of sale, service or any other repayment & Payments like loan, advances etc. In such cases we issue a printed receipt as an acknowledgment of money receipt.
Receipt is a legal document that we received cash, cheque from other party.
Transactions → Receipts
Series : Select the series for receipts.
Entry Date : Input entry date
Ledger Name : Select ledger
Amount : Input the amount
Cash/Bank : Select the payment mode
Cash : When transaction is settled through cash or money receiving through cash.
Bank : The amount received through bank like cheque, DD, online transfer like NEFT, RTGS etc. If Select bank;
Enter cheque number/Transaction Number.
Enter Cheque date.
Narration : Enter any other details here, it reflects in reports also.
Auto Reference : It means the amount reduce from the ledger's opening balance.
Manual Reference : We can enter receipt against each sales bill.
[Select bill → enter the amount → Press enter key → Press right arrow 2 times → Press space key 2 times, then the entry will saved.]
Receipt Summary : Show all receipt entries.
Ledger Summary : Display the ledger statement of the selected ledger till date.