Published Link: Journal & Payments

Module 02: Journals

The Journals submodule allows you to record and manage different types of financial transactions. It consists of the following sub-modules:

Cash Payments

The Cash Payments sub-module enables you to access records for cash disbursements, such as payments for expenses, vendor invoices, or other financial obligations. It offers the following functionalities:

• Record of all payments and their details.
• Retrieve payments by expense categories, dates, and voucher numbers through a search.

Add Cash Payments

The Add Cash Payments sub-module enables you to record cash disbursements, such as payments for expenses, vendor invoices, or other financial obligations. It offers the following functionalities:

• Enter payment details, including the payee, amount, date, and relevant accounts.
• Categorize payments based on expense types or expense accounts for accurate expense tracking.

Cash Received

The Cash Receipt sub-module facilitates the recording of cash inflows, such as cash received from customers, loan repayments, or other sources. Its features include:

• Record for all receipt details, including the payer, amount, date, and applicable accounts.
• Categorize receipts based on revenue types or revenue accounts for proper revenue recognition.
• Generate cash receipt reports to track cash inflows and monitor revenue streams.

Add Cash Received

The Cash Receipt sub-module enables the input of cash inflows, encompassing funds received from customers, repayments on loans, and various other sources. Its functionalities encompass:

• Enter receipt details, including the payee, amount, date, and relevant accounts.
• Classify receipts according to expense types or expense accounts to ensure precise expense monitoring.
  
  

Bank Payment

The Bank Payment sub-module allows you to record payments made through bank transfers or checks. It provides the following functionalities:

• Retrieve all bank payments using their dates and voucher numbers.
• Search for bank payments associated with specific accounts.

Add Bank Payment

The Add Bank Payment sub-submodule allows you to record payments made through bank transfers or checks. It provides the following functionalities:

• Specify the payee, amount, date, and the respective bank account involved in the transaction.
• Link bank payments to specific invoices or expense accounts for accurate expense tracking.

Bank Receipt

The Bank Receipt sub-submodule enables you to record cash inflows received via bank transfers or deposits. Its features include:

• Retrieve all the received payments via bank transfer & deposits.
• Search for received payments associated with specific accounts & dates.

Add Bank Receipt

The Add Bank Receipt sub-submodule enables you to record cash inflows received via bank transfers or deposits. Its features include:

• Enter all the received payments via bank transfer & deposits.
• Link bank receipts to specific sales, services provided, or revenue accounts for seamless revenue recognition.

Journal Voucher

The Journal Voucher submodule allows you to monitor records for every voucher created in association with all payments.

• Payment Records associated with dates
• Voucher type
• Journal type

Add Journal Payment                

The Journal Voucher submodule enables the creation of records for each voucher generated in connection with all payments.

• Select Voucher type
• Journal type
• Journal type
• Add payment details