Thanks for the feedback bruccana here’s an example.
ABC Company purchases goods worth of $200. On the 1st of November and pays us a check for the same amount ($200) dated 15th November.
Now when I do this on Manager the entries I make are
- Purchase invoice for the value from the respective customer
- Credit note for the check payment of 200
Now, I have a check with me that needs to be deposited on the 15th Nov.
Let’s say, 15th Nov has come now I need to deposit the check in the bank, at this point what I did with Manager app was:
Open the checking account
Receive payment of $200 in the checking account
Now my problem is when I do this entry the system asks me for an account, (I am confused to which account I should relate this check to) if I don’t select one from list it lists $200 into the ‘suspense’ account.
Can you please advise me to what account I should relate this to as I feel if I add this to the sales account it would become a double entry.