Bank Payment & Receipts

Let us understand how to book bank payments & receipts and then how to reconcile those bank entries.

Video With Timestamp

0:00 Bank Receipt From Debtor

1:40 Add Outstanding Invoice

2:00 TDS Allocation

2:30 Reconcile Receipt Entry

3:13 Bank Payment To Creditor

3:44 Payment Entry Form

6:14 Reconcile the Payment Entry

6:54 On Account Payment Entry From Bank Reconciliation Form

8:03 Bank Receipts & Payment Entry Options from Navigation & Bank Reconciliation Form

9:04 Bank Entry

9:31 Forex Receipt From Debtor

11:23 Forex Payment to Creditor

13:32 Book Bank Charge