How to create Payment Entry?

 

Keeping track of payments can be tricky, but with AntMyERP, it becomes easy and hassle-free. In this video, we will walk you through each step of entering payments for vendor purchases, so your records stay accurate and organized.

To begin, ensure that the purchase entry for the material has been recorded. Once the payment is cleared, navigate to the Finance module, where all financial operations are centralized.

Click on the Payment Entry icon to view all previous payments.

To create a new entry, simply click the plus (+) icon, which opens a payment form.

The process mirrors the mobile interface, allowing you to enter details such as the payment date, vendor name, and branch through which the payment is made.

You can select the type of reference, whether it’s against invoice, advance, or on account, and all pending invoices will automatically appear. Enter the payment amount and, if needed, adjust for TDS or partial payments.

Next, select the bank used for the payment and the method, like check, RTGS, NEFT, SWIFT, or IMPS, and include any transaction numbers. Add any remarks or notes for clarity, and upload bank confirmations if available. Once saved, the payment is recorded successfully and cleared for the vendor.

The video also shows how to share the voucher number with the vendor, helping maintain transparency and easy reconciliation. With AntMyERP, payment entry is quick, accurate, and fully trackable, helping you maintain smooth vendor relationships.

Watch the video to see payment entry in action and simplify your finance workflow today!