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A receipt voucher is used to record the receipt of goods and services.   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) s...

A payment voucher is a way to record payments made to suppliers and maintain the history of payments.   1. How can we create the payment voucher? Ans: we can create the payment voucher with the following steps: ●       First create the finance ledge...

Contra entry refers to transactions involving cash and bank accounts. In other words, any entry which affects both cash and bank accounts is called a contra entry.   1. When do we create contra Vouchers? Ans: While there is cash collected from the di...

Journal voucher is used to record transactions other than cash and bank accounts. 1. Why do we create journal vouchers? Ans: To keep a record of all the non-cash transactions or liabilities.   2. When do we create journal vouchers? Ans: if...

Debit Note is a document issued to a party stating that you are debiting their Account in your Books of Accounts for the stated reason.

A credit Note is a document issued to a party stating that you are crediting their Account in your Books of Accounts for the stated reason.

Bulk voucher allows us to record both cash and credit transactions in the same voucher.

Adjustment is used to reconcile the voucher. Edit Voucher Edit voucher option is used to edit the vouchers without changing their voucher number. If vouchers need some changes without changing the voucher numbers then we can edit  vouchers with the “edit” op...

Accounts are used to record all the ledger heads into their respective groups like Assets, Expenses, income Etc. In the account section, all the finance ledger heads are created before creating any vouchers. For creating the new account we have filled in th...

This option is used to create a same-name ledger account in multiple groups.

Opening balance is used to record or import the last fiscal year's balance.

A budget is used to set up the budget plan to the finance ledger account, which provides the feature of warning and stop to the respective ledger when it exceeds the budget plan.

A search voucher is used to search any voucher with the voucher number.

It shows the daily transaction( Receipt, payment, journal, contra) of the finance ledger accounts.