Supplier Receipt – An overview

Introduction

Supplier Receipt Component records the Receipts from suppliers. Under certain circumstances a purchasing organization may receive money from its supplier. For example suppliers have to keep some security deposit with the customers, payment of initial amount against tenders, refund on account of returns and so on.

Feature Highlights

•  Provision to receive through cash or Bank.

• Facility to specify the finance book in which the receipt voucher must be accounted.

• Facility to deposit the receipts in a bank through the ‘Realize Receipts’ Component.

• Facility to specify whether the receipt will be used in the process of adjustment or will be taken up for payment.

List of Activities