FrontAccounting forum — Banking - Payments

Re: Banking - Payments

null@example.com (rafat) — Mon, 23 May 2022 15:02:08 +0000

IMHO it can only be done by JE.

Re: Banking - Payments

null@example.com (kvvaradha) — Mon, 23 May 2022 13:52:56 +0000

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

null@example.com (dz) — Thu, 12 May 2022 16:54:50 +0000

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

null@example.com (baxterdmutt) — Thu, 12 May 2022 01:18:05 +0000

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

Re: Banking - Payments

null@example.com (kvvaradha) — Tue, 10 May 2022 04:28:22 +0000

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

Banking - Payments

null@example.com (baxterdmutt) — Mon, 09 May 2022 20:07:13 +0000

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