A receipt is a line on your bank statement indicating that money were paid into you account by a customer for goods and services delivered.

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

The entry in your bank statement will show:

Date of transaction

Customer name or Reference number

Amount received

Processing a Receipt in General Ledger.

Click on General Ledger

Click on Transact

Click on Receipt

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 Debtors Control account as most of the receipts will be from debtors.
Select your debtors and the complete all the other information.

Enter the amount received into the Credit column.

Then click ADD to add the entry to the grid.

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 DebtorsTrans tables.