This collection type will be “Receipt” if the total Debit in Local currency is greater than the total Credit in Local currency;

 

To add a payment method to the collection, click on, the below popup will appear you need to perform the following steps:

 

 

-       Select the Receipt Type( Cash, Cheque, Direct Debit, Credit Card, Bank Transfer)

§  Cash: money in physical form of currency, such as bank notes and coins;

§  Cheque: is a document that orders a payment of money from a bank account.

o   PDC Cheque: post dated cheques, refers to cheques which have been written by the drawer for a date in the future

o   Due Cheque: cheques which have been written by the drawer for the current date;

§  Direct Debit: a financial transaction in which one person withdraws funds from another person's bank account;

§  Credit Card: is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them;

§  Bank Transfer: is a method of electronic funds transfer from one person or institution (entity) to another;

 

-       The Customer is retrieved automatically by the system;

-       Enter the Amount;

-       Select the Preferred Exchange Rate;

-       The Amount in Local Currency is auto generated by the system;

-       Enter the Tolerance Amount;

-       Select the Tolerance Account from the predefined suggestion box;

-       Enter the Reference Number;

-       Select the Cost Center from the predefined suggestion box;

-       Click on to save your work;

-       Click on  to exit the popup and return to the previous page;

 

 

(Note that the company can take more than the required amount from the customer)

 

In order to proceed with your transactions, you need to submit the collection

 

 

Related Topics

Collection Types