Receipt & Payment

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Receipt & Payment

Receipt and Payment is a summary of the cash transactions as in the cash book, bank transaction as in the bank book analyzed and classified under suitable headings, including the opening and closing balances. Various cash receipts and cash payments during the whole year find place in this account in a classified manner. Its closing balance indicates cash in hand and cash at bank at the year end.

  • Cash & Bank Payment
  • Payment from Customer
  • Advance & Refund From Customer
  • Payment to Vendor
  • Advance and Refund Advance to Vendor
  • Daily Expenditures and Adjustment Entry

Industries, Who Use This

Warehouse and storeWarehouses & Retail Stores
Laboratories & Medical
Distributors & Retailers
Departmental Store

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