Journal Voucher

 

Through this menu, you may make entries for the following vouchers :

 

[****]Journal Entry: A journal entry is a formal accounting entry used to identify a business transaction. The entry itemizes accounts that are debited and credited, and should include some description of the reason for the entry. A journal entry is a method used to enter an accounting transaction into the accounting records of a business. All the transactions first recorded in "Journal" and then posted into Ledger.

 

Adjust Bills Receivable/Payable: A bill of exchange can be either bills receivable or bills payable. When a drawee accepts a bill and sends it back to the drawer, it becomes a bills receivable to the drawer as money is receivable on the bill. Therefore, it becomes an asset to him. On the other hand, it becomes a bills payable to the drawee if money is payable by him on the bill, in which case it is a liability for him.

 

Templates Feature: This option allows the user to setup a template for Journal Voucher and through this option you can give value to every ledger entry in one easy step by using the option “Add Formula”.