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Bill Settlements

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.

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