Sundry Receipts – An overview

Introduction

A business organization in its normal course of operation would require certain cash outflows and cash inflows. These cash flows can be on account of various transactions e.g. Insurance claims, employee repayment etc.

Cash inflows could be on account of providing certain goods or services to another external organization or any other miscellaneous transactions. Such Miscellaneous inflows would generally be recorded through a receipt voucher. The component captures the activity of recording the miscellaneous cash inflows of the organization by generation of receipts. Instruments recorded while recording receipts is assumed to be in the “Realized” Status.

Feature Highlights

• Receipt can be recorded against one Bank / Cash Code.

• Receipt can be in only one currency.

• Receipt can post to Income / liability accounts in the Receipt / Base currency.

• One Receipt can post to only one account.

• One Receipt can call for more than one account.

• One Receipt can receive from a single remitter.

• One Receipt can post to a single FB.

List of Activities