Learn more about Receipt & Payment Vouchers.
Receipts and Payments Account is a report of Cash and Bank transactions during a period. It is used in place of an Income and Expenditure Statement when it is not considered appropriate to distinguish between Capital and Revenue transactions or to include accruals.
In other words,
1. It is a consolidated summary of Cash Book, prepared for the required period.
2. It starts with opening balance of Cash and Bank and ends with closing balance of Cash and Bank.
3. It does not take into account outstanding receivables and payables.
4. It may be of Capital or Revenue in nature relating to the current, previous or subsequent year, so long as they are actually received or paid, they must appear in this account.
The Receipts and Payments Account in Bill Mart displays the information based on the default primary groups. It is updated instantly with every cash/bank transaction/voucher that is entered and saved. No special processing is required to produce a Receipts and Payments Account in Bill Mart.
Small and medium enterprises e.g. Supermarkets, Computer Shops, Electronics Dealers, FMCG, Book shops, Garments Shops, Footwear Shops, Mobile Distributors, Automobile Sales and Service, Wholesalers, Retailers, Manufacturers.
Grain Market Commission Agents, Fruits & Vegetable Market, Fish Market, Flower Market, Pesticides / Fertilizers / Seeds Dealers, Milk Dairies, Chilling Plants. Cold Store.
Softwares for Chemist Shops, Clinical Path Labs.
ERP Softwares for Schools, Institutes, Colleges, Libraries.
Softwares for Shuttering Stores / Scaffolding Dealers to make accurate rental bills, manage Stock; Control Leakage, integrated with Financial Accounting.
Software for Church Management to manage membership details, family relationships, birthdays, anniversaries, groups, needs & Interests. Pledge, Giving Management Fully Integrated with financial accounting.
Software for Courier and Parcel Services Agencies, Drycleaners and Laundry Services.
Software for Hotels, Restaurants, Lodging, Guest Houses, Bars, Cafetarias, Pizza Houses.
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