Reconcile Payables
How to Reconcile Payables in SwilERP
What is a Reconcile Payables?
The payables reconciliation process is used to clear your due amount of vendors. This report will show the list of due payments, or you can select a particular vendor or location to reconcile payables.
In SwilERP, a payable report is an ongoing process of tracking and recording all payments by a business, big or small, to ensure accurate financial data. Reconciliation of payables is part of payables that help users to clear the due amounts.
Reference Link: What is Payables
Start with Login in SwilERP Dashboard to initiate the process
- Go to Menu> Payments> Reconcile Payables.
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Process to reconcile payables
- A new window of reconcile payables will appear in the next slide.
- You'll see the list of Due payments when you open the window.
- The details of the Account, Invoice number, Due amount, Actual due amount, Adjusted amount and other information will show in the window.
- You can directly Tick a Mark on the invoice number in Cleared column and Save the window.
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How to reconcile payables by searching a vendor
- Users can search due amount payment Vendor wise.
Enter the Vendor Name from the drop-down list whose you want the details.
Select the Location to view the details location wise.
Select Date Upto, in which you want to view the details.
Click on the View option.
After that, you can view the Due amount information in the below-given screen.
Tick-Mark in the cleared column and Save the window with the given option.
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