Create / Edit Receipts – A summary of the activity

This activity allows you to create and edit a receipt for any payment received from the customer.

Receipts can be categorized into three different types like “Regular”, “Deposits” and “Advances”.

• “Regular” receipts are created for payments received from customers based on invoices or debit documents raised on them on account of any services or supplies made.

• “Deposits” receipts are created for payments received from customers for leasing out property.

• “Advances” receipts are created for payments received before the bill for rent /services are made to a customer.

Payments can be received in various forms like checks, demand draft, pay orders, credit cards or by cash. This payment can be adjusted against the corresponding invoice or a debit document. Adjustments can be made automatically by the system or it can be done manually. The business requirements govern the method to be followed during the adjustment process. You can adjust the receipt with an debit note, debit schedule for purpose of sales and lease. . Once the receipt is created it can be authorized for posting in the selected books of accounts. You can view the posting details of the authorized receipt. Details of the receipt like the customer, from whom the payment has been received, the mode and the method of the payment can also be entered here. You can also select the method in which the receipt will be adjusted. You can adjust the receipt with the selected debit document manually or automatically.

Instrument details, bank details can also be entered for the receipt. If auto adjust is set to yes then it will be possible to retrieve the debit documents by executing get debit documents task, Applicable debit documents pertaining to scheme and reference code will be displayed in the multiline. The status of the receipt is updated as “Fresh” after creation. You can view the accounting details of the receipt in the “Accounting Information” page.

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