Enter Payments to your Bank

     

Topic: Banking > Working with Bank Accounts

Overview

 

This Document allows you to enter payment made from you to your bank. For example this could be banking fees.

 

Prerequisites

Using salesorder.com the basics

Working with Bank Accounts

 

Entering and Editing

 

Creating a new Payment From Account

Find the Bank, Petty Cash or Credit Card account from which you wish to   make payment. From the account's Action Bar drop-down click 'Enter Payment From Account'. This displays the new Payment Document (below).

 

payment_froma

 

The steps in the diagram show how a payment is made.

 

1.Clicking 'Enter Payment To Account' on the associated account displays a new Payment To Account Document.
2.Enter a unique Ref # for the transaction here. By default the value is [auto] meaning that this number will be generate automatically. See Working with Reference numbers (Ref #).
3.The payment amount goes here.
4.The payment date goes here.
5.This is a memo for accounting purposes. In this case we put a transfer reference number issues by the bank. See Working with A/C Memo(s).
6.Select the associated account from the Chart of Accounts (usually an Expense account) to track the payment. The default account for bank payment is set up in the Account configuration. See Configuring Accounts for more information.

 

Related tasks and information

Working with the Chart of Accounts

Working with Memos