Asset Purchase

###Select Transaction Type: Choose the transaction type (e.g., purchase or sale) from the available options.

Choose the Entry Type from the dropdown at the top.

Options typically include Paid, Received, or other transaction types.

For this example, “PAID” is selected, indicating a payment being recorded.

Select the appropriate Ledger from the dropdown list.

If the ledger account isn’t available, click the ”+” button to add a new ledger.

If the payment is associated with a specific bill:

This is useful for tracking payments against invoices or specific accounts.

Enter the Amount Paid in the respective field.

If applicable, select the Tax category from the dropdown and enter the corresponding tax amount.

Add any rounding adjustments in the Round Off field.

Choose the Payment Mode (e.g., CASH, BANK, CHEQUE, Demand Draft, or Transaction).

For BANK or CHEQUE:
- Select the bank name from the dropdown (”+” to add a new bank if needed).
- Provide the Cheque/DD/RTGS Number in the respective field.
For CASH:
- No additional information is required, but you can still add remarks in the Other Details field.

Specify the Through field (e.g., By Bank) for further tracking.

Check the Amount to be paid now section to ensure the total reflects the correct value.

Once all details are correctly entered, click Save to record the transaction in your system.