Receipt Voucher Entry with Discount

How to Create Receipt Voucher Entry with Discount in SwilERP

In SwilERP software, users can create receipt voucher entries with discounts. This feature is especially useful for businesses that offer discounts to their customers. For example, if you received the amount from your party, and allowed discount, then you can directly make a receipt entry with discount. Follow the below-mentioned steps to know the process.

Start with login in SwilERP dashboard to initiate the process

Go to the Accounts Menu> Receipt Voucher option.
After that, a window of Receipt Voucher will appear.

Reference image:

SwilERP Dashboard Window

Process to Create Receipt Entry

For example, cash received from AR Agencies Rs. 5500, and discount allowed is Rs. 500.

Debit Entry: First, you have to do cash receive & discount allowed entry.

Select the Cash Account from the drop-down and enter the Cash amount (5000) in Debit column.(Here, users can also select another ledger account)
Now, select Discount A/c in second column.
Enter the Discount amount (500) in the column.

Credit Entry: Users have to do credit entry from which party you received the cash.

Select the Account name (AR Agencies) from the drop-down list.
The amount (5500) in Credit column will automatically be filled.
If the user wants to enter the narration of all entries, then you can update it in the column.
Click on the Save button to save the receipt entry.

Reference image:

Receipt Entry Window