Receipt/Payment

Receipt/Payment is a transaction entry form, which is used primarily to record following types of transactions:

1. Making payment of advance to supplier or receiving advance from customer (Commercial Sales Customer)

2. Receiving money against Commercial Sales bills or making payment against Supplier/Contractor bills

3. Any other transactions involving Cash or Bank

These transactions can be carried out in the following manner using the same transaction form depending on the document types:

A. Receipt/Payment

B. Inter Unit Receipt/Payment

C. Inter Company Receipt/Payment

D. Inter Unit Fund Transfer

E. Inter Company Fund Transfer

F. Opening Unclear Cheque

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