Receipt

1. How to create a receipt voucher?

Ans: With the following steps:-

●       First create the finance ledger head in the accounts section.

●       Now click on the Debit( Dr) side, Search for the ledger account for debit and enter the amount.

●       Now click on the Credit( Cr) side, Search for the ledger account for credit and enter the amount.

●       Write narration and remarks with a clear vision of the transaction.

Note: Receipt voucher can be automatically generated through the billing which carries the income from school fees, hostel fee, etc. only if mapping and day end is done in the billing part. 

2. Why do we create receipts?

Ans: We create receipts to record the income of the organization.

3. When do we create receipts?

Ans: When the organization makes income from any source at that time we can create receipts to record the proper income of the organization.

4. Finance ledger head is not shown while creating receipt vouchers, why?

Ans: There are two reasons why the Finance ledger head is not shown while creating a receipt it is because 

●       that a person enters the wrong ledger like cash a/c or bank ac on the Credit (CR) side 

●       and another reason maybe there is no ledger account created on the account section of the software.

5. Can we manually create receipts?

Ans: Yes we can manually create the receipt, in case there is another income source for the school other than the school fees.