Advance Payment Entry
Advance Payment Entry Advance Payment Entry refers to when the Supplier or Customer pays beforehand, before making the invoice. Generally, anAdvance Payment Entry is made in the case of high-value deals. Consider a Customer- Jane D’souza placing an order for a luxury furniture item costing ₹24,000. She is asked to give some Advance […]
Bank Guarantee
Bank Guarantee A Bank Guarantee is a promise from a lender, like a bank, that the debtor will pay back their debts. If the borrower doesn’t pay back the loan, the bank will pay it off. This lowers the risk of doing business with other companies, which lets them sign contracts, buy things, or go […]
Shipping Rule
Shipping Rule Using the Shipping Rule, you can define the cost of delivering products to customers based on the order value, weight, or location. ERPNext allows you to create multiple shipping slabs or apply a fixed shipping amount based on criteria like these. Net Total Net weight Area or Country Cost centres and […]
Bank Reconciliation Tool
Bank Reconciliation Tool With the help of the Bank Reconciliation Tool in ERPNext, users can reconcile the transactions in ERPNext with the data displayed on the bank statement. This ensures that your company’s books are up to date and correct, matching the actual bank data. When several charges, withdrawals, or deposits have been reported in the […]
Inter Company Journal Entry
Inter Company Journal Entry You use an Inter Company Journal Entry to record a financial transaction between two or more firms that are part of the same group. For example: separate branches or legal entities controlled by the same parent company. For example, Company A and Company B are both in your business group. […]
Inter Company Invoices
Inter Company Invoices An Inter Company Invoices is a record of business done between two companies that are part of the same Corporate group. With ERPNext, you can make linked Sales and Purchase Invoices between these kinds of companies. This helps you keep your intercompany accounting clear and correct. For example, you can make […]
Payment Reconciliation
Payment Reconciliation In ERPNext, Payment Reconciliation is a manual procedure used to match invoices and payments when the system is unable to do so automatically. It’s particularly helpful when: The supplier or customer makes advance, partial, or bulk payments. The date of the payment differs from the dates on your invoice. You must carefully match the various invoices […]
Opening Invoice Creation Tool
Opening Invoice Creation Tool The Opening Invoice Creation Tool makes it easy to move outstanding bills from your old accounting system into ERPNext. You don’t have to enter all the information, including item names or amounts. It’s especially helpful when you’re new to ERPNext but still have money owed to you by customers (sales) […]
Period Closing Voucher
Period Closing Voucher A Period Closing Voucher is a specific tool that you use at the end of a financial period, such as the end of the month, quarter, or year, to finish off your accounts before the following period starts. It’s like saying, “Let’s clean up the books before we start over.” 1. […]
Item
Item Anything that is being sold by your company is regarded as an Item within the www. These include raw materials of the manufacturing processes, sub-assemblies, finished goods, variations of the items and the intangible products of the services. The www was designed with the capability to handle a wide variety of items: physical, digital, […]
