Multi Branch Centralized Payment & Receipt Module
As the name suggests, this module can be used where Company has Centralized Bank @ Head Office for accounting receipt and Payment of Branches. Applicability of this Module
- Company has Multiple Branches
- Payments and Receipts are from Head Office Bank
- Avoid creation of Virtual bank in Branches
- AUTO JV entry in Branch for Payment or Receipt entry in Head Office
Multi Branch Receipt Payment Module
Centralized Payment & Receipt Entries related to Branches @ Head Office
- Since Collections and Payments are transacted from Head Office Bank, Option will be given in Head office for selecting Branch-wise Supplier?s and Customer?s Pending Bills for Making payment & Receipt.
- Once the payment or Receipt Entry is saved in Head Office (Centralized bank Company), Reversal of this Entry will get posted automatically in Branch Company.
Auto posting of Reversal Entries (Journal Entries) in Branches