How to make Credit Entry?

Factech iBill has the functionality to make Credit Entry. Let us see how to make credit entry using the following process :-

• Go to Payment Menu then click on + New Payment/Receipt.

• Now click on Credit Entry tab

• Now Select the Bill Plan for which you want to make Credit entry.

• Now Enter the Unit No for which you want to make Credit Entry.

• Now Select the Date for the Credit entry. Note* Present Date is selected as system default.

• Now enter credit Amount which is to be made in the given numeric box.

• You can also calculate the GST applicable on the Credited Amount by clicking on Calculate GST button.

• Once the GST is calculated as per you requirement then you can put Remarks as per your choice and click on Submit button.

Video for adding credit entry in billing software