Through this menu, you may make entries for the following vouchers :
Bank Receipts : Bank Receipt Voucher is a simple document giving information on a payment received from debtors. The Bank Receipts are generated on receiving Cheques or DD from a party against sale invoices or an account. At least one ledger account must be credited and bank account must be debited, Bank credit balance decreases.
Bank Payments : Payment Vouchers can be created using Bank as the mode of payment. Whenever the payment is made in Cheque or in D.D. then Bank Payment is generated. At least one ledger account must be debited and bank account must be credited, bank credit balance increases.
Enter Cheque No (Bank Payment) : A cheque is a document that orders a bank to pay money from an account. The person writing the cheque, the drawer, has a transaction banking account (often called a current, cheque, checking account) where their money is held. The drawer writes the various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay that person or party the amount of money stated. This form allows the user to set Prefix and number of the cheque book which user will assign to the party at the time of the bank payment through cheque.
Post Dated Cheques (Receipts) : A post dated check is a check on which the issuer has stated a date later than the current date. Any cheque or draft that has a future date written upon it is received by the user from the other party. The amount of the check will not be drawn from the account until the date written on the check.
Post Dated Cheques (Payment) : A post dated check is a check on which the issuer has stated a date later than the current date. Any cheque or draft that has a future date written upon it is paid by the user to the other party. The amount of the check will not be drawn from the account until the date written on the check.
Enter Cheque Clearing : Clearing is all of the steps involved in transferring funds ownership from one party to another. Movement of a check from the customer's bank in which it was deposited to the bank on which it is to be drawn. This process normally results in a credit to the account at the bank of deposit, and an equivalent debit to the account at the customer's or party's bank on which it was drawn.
Convert P.D Cheques To Cheque For Collection : A post dated check is a check on which the issuer has stated a date later than the current date. This option allows the user to convert the post dated cheques that has a future date to the cheque for the collection of the amount.
Realise Cheques For Collection (Receipts) : After the post dated cheques are converted into cheques for collection that is the cheques are sent for collection to the issuers bank and after if they clear the cheque the amount is realised and hence it is called realoise cheque for collection.