FrontAccounting forum — Banking - Payments

Re: Banking - Payments

2022-05-23T15:02:08Z

IMHO it can only be done by JE.

Re: Banking - Payments

2022-05-23T13:52:56Z

baxterdmutt wrote:

kvvaradha wrote:
Bank payment and deposit automatically makes journal entry. You can simply input the respective GL account with amount.
But how does it know to use a credit or debit in the respective accounts?

Its actually depends on payment or deposit. Each and every bank account connected with a GL code. So if you make bank payment , the credit debit performs automatically based on the fields.

Re: Banking - Payments

2022-05-12T16:54:50Z

You can NOT have multiple debits/credits in the payment/deposits cart, whatever GL account you select in the payment will go DEBIT and in Deposit the cart GL accounts will go CREDIT, you can use Journal Entry if you need to post debit and credit as a contra effect.

Re: Banking - Payments

2022-05-12T01:18:05Z

But how does it know to use a credit or debit in the respective accounts?

Re: Banking - Payments

2022-05-10T04:28:22Z

Bank payment and deposit automatically makes journal entry. You can simply input the respective GL account with amount.

Banking - Payments

2022-05-09T20:07:13Z

How do payments work?
If I make a $100 payment and it included costing that need to go into 2 accounts , one a credit and one a debit, what do I do. There is no credit/debit field in the payments module? Would I just need to use a JE instead?
Thanks