A payment is a line on your bank statement indicating that money was paid by you to a supplier or another party for goods and services rendered.

These transactions must be recorded in the General Ledger and Cash Journal.

The entry in your bank statement will show:

Date of transaction

Supplier name or Reference number

Amount paid

Processing a Payment in General Ledger.

Click on General Ledger

Click on Transact

Click on Payment

The transaction details window opens:

Tick the box AUTOMATICALLY CREATE BANK ROW and it will create a bank row with the default bank account.
If the tick is off you will obviously have to create the bank row yourself.

LEDGER account will be the Creditors Control account as most of the Payments will be to creditors.
Select your creditor and the complete all the other information.

Then click ADD to add the entry to the grid.

Enter the amount paid into the Dedit column.
For the transaction to be valid the debits must be equal to the credits.
Submit you entry and it will be written to the General Ledger.

A record will also be written to the CashBookTrans and CreditorsTrans tables.