Daily Transactions Entry

Tracking daily transactions is a key part of managing your business operations. This section allows you to enter new transactions, whether they are purchases, sales, or other types of transactions.

Steps to Track Daily Transactions

1. Select Transaction Type

Choose the transaction type (e.g., purchase or sale) from the available options.

2. Enter Ledger Name

Input the ledger name associated with the transaction. This could be a supplier, customer, or other relevant party.

3. Click View

If you need to review any transaction details, click the “View” button to check the transaction history and verify the entered information.

Steps for Recording a Transaction

1. Entry Type Selection

Step 1.1: Choose the Entry Type

Select 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.

2. Ledger Selection

Step 2.1: Select the Ledger

Select the appropriate Ledger from the dropdown list. If the ledger account isn’t available, click the ”+” button to add a new ledger.

3. Bill Information (Optional)

Step 3.1: Enter Bill Details

If the payment is associated with a specific bill:

• Enter the Bill No.
• Select the Bill Date from the calendar.

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

4. Payment Details

Step 4.1: Amount Paid

Enter the Amount Paid in the respective field.

Step 4.2: Tax Information

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

Step 4.3: Rounding Adjustments

Add any rounding adjustments in the Round Off field.

5. Payment Mode

Step 5.1: Choose the Payment Mode

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

Step 5.2: Additional Information

Based on the selected mode:

• 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.

Step 5.3: Specify Through Field

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

6. Verify Payment Totals

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

Save the Transaction

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