Money received in any way by a business is a receipt. Before one can be recorded, at least one cash account or bank account must be established. The Receipts tab must also be enabled.
Basic receipts
Once at least one cash or bank account exists, receipts are recorded in the Receipts tab by clicking on New Receipt:
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Complete the entry. Screen layout varies depending on which options are checked:
Date
is automatically filled with today’s date, but can be edited.Reference
is optional and may be used for cheque numbers, bank confirmation numbers, or other internal sequences. If the box within the field is checked, Manager will number the transaction automatically. The program will search for the highest number among all existing receipts and add 1.Paid by
is the person or entity from whom money is being received. Other allows free text entries. But Customer or Supplier can also be selected, in which case thePaid by
field becomes a dropdown list of predefined customers or suppliers, as appropriate:
Note
If a customer or supplier is chosen, the address for that customer or supplier will be displayed on the completed receipt form. It will not, however, show on the entry screen.Received in
is where you select the bank or cash account into which the money is being received.- If a bank account is selected, a
Cleared
field appears, in which On the same date or On a later date can be chosen. Status is set to On the same date by default for bank transactions. For transactions not cleared the same date, the clearance date may be entered:
Another Guide covers cleared and pending transactions in greater detail. These fields are absent for cash account transactions. Description
is an optional summary of the overall transaction.Item
field can be used to enter predefined inventory or non-inventory items. If you have no predefined items, this field will not appear. Making a selection here will prefill several other fields on the line.Account
is the account to which the receipt will be posted.Description
on individual line items allows more specific information to be added. This field is displayed only if theColumn — Description
checkbox below the line item(s) is checked.Qty
is where you enter the quantity of goods or services for the line item. If left blank, the program interprets the quantity as 1. This field only appears when theColumn — Qty
box is checked.Unit price
lists the price of a single unit or, if theQty
field is left blank, of the entire amount for the line item.- A
Tax Code
can be selected if any have been defined and if theAccount
field contains an account to which tax codes can be applied. Division
andProject
fields appear if any are defined and theAccount
selected is from the Profit and Loss Statement.- An
Inventory location
field appears if inventory locations are defined and an inventory item is selected for a line item:
Amounts are tax exclusive
controls how taxes are calculated. Check the box if taxes are not included in unit prices. Uncheck the box if taxes are already included in unit prices. This check box applies to the entire transaction. The format of the form changes somewhat when this box is checked.- The
Column - Discount
checkbox lets you apply Percentage or Exact amount discounts. - The
Fixed total
checkbox is useful when an overall total is being split between posting accounts. Any amount by which the currently entered split isOut of balance
appears in the field of that name. - A
Custom theme
can be chosen. Available themes are selected in a dropdown box that appears if the box is checked. - A
Custom title
can be entered to match local usage. Enter the title in the text field that appears if the box is checked. Show tax amount column
controls whether tax amounts for individual line items are displayed on the completed form.
Click Create to save the receipt. The completed form can be given to the payer to document the transaction:
Receipts against sales invoices
Receipts from customers against sales invoices can be entered two ways:
- As a basic receipt
- From a sales invoice
As a basic receipt
To enter a receipt against a specific invoice, post it to Accounts receivable, the Customer, and the Invoice:
Note
If a customer has been chosen in thePaid by
field, that customer will be automatically entered:
Partial receipts
When receiving money for only part of the balance due on a sales invoice, post the transaction as above, but enter only the amount actually received. Manager will credit the partial amount against the sales invoice and show a reduced balance due. No other special steps are necessary.
Receipts for multiple sales invoices
When receiving money from a customer for multiple sales invoices, leave the Invoice
dropdown field blank. Manager will allocate the receipt against the sales invoice with a balance due with the oldest due date first, then the next oldest, etc. However, if the receipt is designated for specific sales invoices, add lines and designate amounts for those invoices individually.
From a sales invoice
To record a receipt while viewing a sales invoice, click on New Receipt:
A receipt entry form will appear. Select a bank or cash account. The remainder of the form will be prefilled with information to enter the full amount due on the sales invoice. If the receipt is for only part of the balance due, edit the amount received by adjusting the unit price.
Other situations
You are not restricted to using only simple income accounts or Accounts receivable to post receipts. For example, if money is received from a business owner set up under the Capital Accounts tab, select the matching capital account and subaccount:
Inventory and non-inventory items can also be directly sold using receipts. For more information on selling without sales invoices see this Guide.