How to add vendor payment in accounting?
Step 1: Go to Main Menu (Accounting), Select “Vendor” option from drop down menu Step 2: click on “Add Payment” option from left drop down menu, enter details and click on “Add…
FAQ Category: Accounting
What are Journal Entries for Vendor Bill and Payments?
Vendors are normally treated as Sundry Creditors, which comes on the Liability side of the Balance sheet. To understand how the Journal entries are made in the case of Vendor for a…
How to handle TDS and GST Tax in Accounting?
India has simplified Tax mechanism by introducing GST. For any business entity – society, Shopping Centre, Corporate Park, Tax handling is very critical. Few Questions to be answered are: Tax is Asset…
What details required to tally integration with iBill?
How to configure Tally ERP 9 and Tally Prime on Factech and iSocietyManager Billing in iBill, you can export XML containing Tally compatible journal entries which can be exported directly in your…
How to enable cheque, debit note and credit note Approval?
Cheque parking, i.e. cheques reflect in ledger only post-approval, is an important feature in billing applications. To enable cheque parking in the System, steps are: Login using User Role with permissions of…
How to get ledger of the Account ?
What is General Ledger? General Ledger in simple language is the grouping of transactions of similar nature. An organization has multiple transactions in a day. Every transaction leads to two entries as…