The following screen shot displays the receipt of the cash float from the bank In indian

parlance Cash Withdrawl from the bank.

NOTE: Initally the entry appears in red b!tton b!t after sa"ing the doc!ment the red
t!rns into green b!tton indicating that the config setting are correct.
The following acco!nting entry is generated# which can be "iewed by clicking on
$followon doc#% tab
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The following entry shows the receipt of check from the c!stomer say (oon company
limited. In the $b!siness transaction%select c!stomer posting and enter the amo!nt and
the bank key along with the c!stomer no. as follows and sa"e:
)fter sa"ing the doc!ment the green tab indicates the recognition of the entry and click
on the tab $followon doc#% and the following entry appears
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Now go back to the pre"io!s screen and then click on the +eceipt tab and yo! can
generate a receipt that can be gi"en to the representati"e of the c!stomer as proof of the
receipt of the check from him as follows:
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Now the check recei"ed from the c!stomer is incl!ded in the cash float and we need to
present the same into the companys bank acco!nt for realisation.
-o back and click on the $present checks% tab to enter the details for the deposit of the
check recei"ed from the c!stomer . remember that yo! need to clear the amo!nt recei"ed
from the c!stomer elsewhere //0.
)fter yo! click the tab the following screen appears:
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select the $payment to bank% transaction and enter the bank -2 acco!nt into which yo!
are depositing the check.and click on post list b!tton.
In case yo! ha"e the setting for the local printer the following screen appears where yo!
can gi"e the print command to take the print o!t of the transaction.
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Cancel and come o!t of the screen.
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)fter coming o!t the abo"e screen yo! see the following entry on yo!r screen:
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)s !s!al the green indicates recognition of the entry as follows:
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That completes the e7ercise of the cycle of the check receipt and deposit of the same into
the bank.
The following receipt is also generated which can be printed.
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We can also make !se of the cash float acco!nt for the payment to the "endors
Enter the details of the payments and also the "endor n!mber then the system determines
whether Withholding ta7 is attracted. In case yes the system calc!lates the W:T ta7es
and posts the entry as fo
In my settings there was some problem related to W:T hence the green light doesn;t
appear.
The settings were rectified and following screen appears as !s!al the green tab appears.
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Now click on the followon doc. Tab and the following screen appears with the with
holding ta7 calc!lated and posted to the respecti"e -2 acco!nts:
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In case yo! wan to pay the "endor yo! can pay from the bank as check receipt and select
the b!siness transaction as $payment to "endor% b!t the system will treat it as a
repayment of the "endor amo!nt and generates an acco!nting doc!ment ot that effect
In case yo! want to delete an entry the system doesn;t delete the entry b!t passes a
re"ersal entry as follwos:
and throws a message that clearing has to be done for that amo!nt.
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