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  • AR Receipt
  • nishitD
  • 2015-05-12 04:27:12
You can create a receipt in system to confirm the acceptance of money from an external entity to your organization bank account. The external entity can be a customer, an external supplier, an internal organization, an employee, any government organization, etc.

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InoERP supports different types of receipts in AR:
Manual Receipts:
Manual receipt can be used for cash & check receipts. Manual Receipts don’t need any clearance from bank.

Electronic Receipts:
Electronic receipt can be used for direct bank transfers from your customer bank account to your organization bank account. System allows you to import the bank statements and convert those AR receipt.

System Receipts:
System receipt is used for multi-receipt process. Multi-receipt form allows you to select different invoices & debit memo and create a receipt against those invoices. Multi-receipt process helps in manual data entry and can be used where bank statement reconciliation is done outside the system.

You can create apply receipts to any positive amount transactions (such invoice, debit memo). System allows you to partially or fully apply a receipt to a single positive amount transaction or to several positive item transactions.

When you create a receipt and apply that receipt to an invoice, Receivables creates the following accounting entries
DR Cash
CR Receivables
Each AR receipt document consists of 2different levels of data
1. Header Level Information
2. Line Level Information

You can create a receipt by various different methods.
1. Manually entering all the header, & line details
2. By using multi-action receipt form
3. Importing all the header, line information from an excel file.
4. Copying an existing receipt in the receipt form and then changing the data as required.

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inoERP is an open Source software; you can redistribute it and/or modify it under the terms of the Mozilla Public License Version 2.0