Bank Payment is Bank entry, which we created to record the money movement towards outside from your bank account. It may be bank account or cash account. But the money moved out of it to compensate or buy any goods and services, which requires for the company. To create a new Payment, go to Banking > New > Payments. Payments Popup window appear on the screen. There you can able to select the Pay To, which can be miscellaneous. customer, supplier, or Quick entry. With that you can create payment entries in the system. Select Date and Pay to and From

Reference box fetch its Reference number automatically, or you can give reference number manually and select Customer and Branch.

Exchange Rate fetched by the system automatically, or you can give the exchange rate manually. In Payment Items Section, Select Account Description and Amount and Memo details. Click Add Item button to add another item. Type Settled AR Amount and Memo details. Finally, Click Process Payment button to process the payment.

Alternatively, you can able to import the bank statements, by downloading it from your bank account website or internet banking, or format the data like our samples. and import it. Which will import the transactions inside the system. You can simply check them and make the missing allocations against the expenses and payouts.