Receipt Voucher

Financials | Accounts Receivable | Credit Voucher

Receipt Voucher

Allows the user to create a transaction from Accounts Receivable for the amounts to be paid by the customer.

Requirements before using Receipt Voucher

• The user should setup the following Maintenance Module in order to proceed on using the Receipt Voucher
  1. Bank
  2. Customer
  3. Chart of Account
• The user should have the following records in order to proceed on using the Receipt Voucher
  1. Accounts Receivable

Receipt Voucher Record Status

Status	Description
UNPOSTED	If the Receipt Voucher is newly created and not yet posted
POSTED	If the Receipt Voucher is posted
CANCELLED	If the Receipt Voucher is Cancelled

Adding Receipt Voucher

1. Click Receipt Voucher under Financial menu
2. Under Receipt Voucher Menu, click Add Receipt Voucher
3. Fill up the required fields then click Save. Note: Fields with * are required to be filled up.

Field	Description	Expected Value
1.Voucher No	•Voucher Reference number generated upon creation	•Alphanumeric(Auto-Generated)
2.Customer	•Name of Customer	•Customer List in the Supplier Maintenance Module
3.Total Receivable	•Receivables to be tagged on the Transaction	•Accounts Receivables Provided in the Accounts Receivables Financial Module
4.Credit	•Credit Vouchers to be tagged on the Transaction	•List of Credit Vouchers provided in the Credit Voucher Financial Module
5.CWT	•Credit Withholding Tax	•Tick/Untick
6.Voucher Date	•Date when the voucher was created	•Date
7.Payment Mode	•Mode of Payment for the Transaction	•Cash/Check
8.OR No.	•Original Receipt Number for Reference	•Alphanumeric
9.Advance Payment	•Allows the user to create a credit voucher from the Transaction	•Tick/untick / Edit down payment Account
10.Overpayment	•Allows the user to create a debit voucher from the transaction	•Tick/untick / Edit Overpayment Account
11.Notes	•Adds additional remarks on the transaction	•Alphanumeric
12.Account	•Account to be charged for credit and debit amount on the transaction	•Account list in the Chart of Accounts Maintenance Module
14.Debit	•Debit Amount for the Transaction	•Number
15.Credit	•Credit Amount for the Transaction	•Number

Notes

• Customer should be on ACTIVE status when creating or editing a transaction.
  • This can be seen in Customer Maintenance Module
• Account should be on ACTIVE status when using it upon creating or editing a transaction.
  • This can be seen in Chart of Account Maintenance Module.
• By ticking Advance Payment, the user can create a Credit Voucher.
• Only one user can Add Receipt Voucher function at a time.
• By choosing Check as Payment Mode, Check details as well as Bank details are needed to fill up in order to reflect the details to Accounting details.

Setting Up Payment Method

If the Selected Payment is Check

1. Select Bank Account where the receivable will be deposited
2. Enter Bank Name of received Check
3. Enter received check’s Check Number
4. Select Check Date
5. Enter check’s amount

Check Payment Fields

Field	Description of Data Output
1. Deposit To	Dropdown selection listing of all active banks from Bank Maintenance Module
2. Bank	Manual Entry of Bank Name
3. Check Number	Manual Entry of Check Number
4. Check Date	Date when the Check Payment is deposited.
5. Amount	Manual Entry of Amount to receive
6. Delete	Deletes Check Detailes
7. Add New Check	Add new Check Line

If the Selected Payment is Cash

1. Select account to be debited
   • OPTIONAL: You may also enter account description for easy referencing e.g. Payment for SO#123456
2. Enter received amount on Debit column

Cash Payment Field Details

Field	Description of Data Output
1. Account	Dropdown selection listing of Active Chart of Accounts under Chart of Accounts Maintenance Module
2. Description	Manual Entry of Account Description
3. Debit	Manual Entry of Debit Account
4. Credit	Auto-Generated amount based from tagged receivable
5. Delete(Line-Item)	Deletes Accounting Entry
6. Add a New Entry	Adds a new Line Entry
7. Total(Debit)	Auto-Calculated: Sum of Debit Entry
8. Total(Credit)	Auto-Calculated: Sum of Credit Entry

Receipt Voucher Record Option

Actions Available base on Sales Quotation Record Status

Status	View	Edit	Print	Post	Unpost	Cancel
UNPOSTED	☑	☑	☑	☑		☑
POSTED	☑		☑		☑
CANCELLED	☑		☑

Notes:

• The user has an option to Edit the Record while viewing it
  • The user can only Edit the Record if it is still in OPEN status
  • If the Receipt Voucher is Posted, Unposting the record will leave its status to OPEN thus can now be edited.
• The user can only Cancel the Receipt Voucher if the status of the said Voucher is still on OPEN Status
• Credit Voucher tagged will revert it status to Active when the Receipt Voucher has been Cancelled.

• Partially used Credit Voucher cannot be edited even the Receipt Voucher corresponding to it is still open.

Creating Credit Voucher

1. Click Receipt Voucher from Financial Module
2. Under Receipt Voucher, Click Add Receipt Voucher
3. Select a Customer then tick the Advance Payment Option
4. Fill up the required fields for Header and Accounting details then click Save

Applying Credit Voucher

1. Under Create Receipt Voucher, Select A Customer and tagged a Receivable
2. Click Credits
3. Click the Vouchers need to Apply in the Transaction then click Tag