Bill settlement
Bill Settlement in Xserp features to make entry of Payment made to your Suppliers, Payment Received from your Customer
Creating Bill Settlement
Payment Made
- Go to “Accounts” >> “Bill Settlement”
- Bill Settlement Page will opens up
- You can Switch between “Pay” or “Receive”
- Click on Pay, The button turns Blue that indicates the entry is for Payment made to your Supplier/Vendor
- Fill the Fields
- Click Settle Bill Button.
| Fields | Description |
| Pay To | Choose your Supplier Name from the Drop Down, Choosing the Name will Auto populate all the unpaid Bill for the Particular Supplier to the List |
| Amount | Enter the Amount Paid, Based on the Pending Value, The entered Amount will Split up to each Bill that you can alter As per Requirement |
| Pay From | Choose the Ledger from which the Payment has been made |
| Date | Enter the Date of Transaction Done |
| Instrument No | Enter the Transaction Instrument No Like Cheque No, DD No |
| Narration | Enter the Narration |
Fields with (*) Marks are Mandatory
After choosing the Sundry Creditors, Xserp will auto- Populate List as
| Fields | Description | |
| S.No | Serial No | |
| Bill No | Invoice No. Received from your Supplier | |
| Bill Date | Date of the Invoice | |
| Aging | Aging in terms of Days | |
| Bill Value | The Grand total Value of the Bill | |
| Already Settled | Already Settled for the Particular Bill as Note or Advance | |
| Pending Amount | Remaining Amount to be Paid | |
| Pay In Advance | Amount Paid in Advance | |
| Pay Now | Entered Amount Will fill up here with S.No Priority and you can Manually adjust the Value | |
Payment Received
- Go To “Accounts” >> “Bill Settlement
- Bill Settlement Page Will opens up
- You can Switch between Pay or Receive
- Click on Receive, the button turns Blue that indicates the entry is for Payment Received from your Customer
- Fill the Fields
- Click Create Voucher Button
| Fields | Description |
| Received From | Choose your Customer Name from the Drop Down, choosing the Name will Auto Populate all the unpaid Bill for the Particular Customer to the List |
| Amount | Enter the Amount Paid, Based on the Pending Value, the entered Amount will Split up to each Bill that you can alter As per Requirement |
| Received In | Choose the Ledger from which the Payment has been Made |
| Date | Enter the Date of Transaction Done |
| instrument No | Enter the Transaction Instrument No like Cheque No, DD No |
| Narration | Enter the Narration |
Fields with (*) Marks are Mandatory
After choosing The Sundry Debtors, Xserp will auto- Populate List as
| Fields | Description | |
| S.No | Serial No | |
| Bill No | Your Invoice No. Provided to your Customer | |
| Bill Date | Date of the Invoice | |
| Aging | Aging in terms of days | |
| Bill Value | The Grand total value of the Bill | |
| Already Settled | Already Settled for the Particular Bill as Note or Advance | |
| Pending Amount | Remaining Amount to be Paid | |
| Receive In Advance | Amount Paid in Advance | |
| Receive Now | Entered Amount will fill up here with S.No Priority and you can Manually adjust the Value | |
Making Bill Settlement will create its Corresponding Voucher under the Voucher Module.
You can Proceed from there.