Bill adjustment can be used to adjust receipts and payments that have not been tagged against any outstanding bills and are therefore lying unadjusted.
How to Make Bill Adjustments
STEP 1: Go to Transactions ⇒ Accounts⇒ Bill adjustment
A New page will open-
STEP 2: Type the party name in the Party Search field, set the date range, and click on Go.
STEP 3: The list of receipts/payments marked as On account/Advance will be displayed here.
STEP 4: Click on the checkbox beside the receipt/payment bill reference row, the dropdown will display all the due bills pending to be adjusted.
STEP 5: Tag the bill reference and click on Submit. The system will save the bill adjustments for each of these entries.
Note: This screen can be used to adjust only the “On account” and “Advance” receipts/payments.
Frequently Asked Questions
Q) Can I export the Bill adjustment report?
A) Yes, on the Bill adjustment screen, click on the export option(right top corner), click on Excel format, and the data will be downloaded.
Q) Can I search ledgers by ledger code?
A) Yes, click on the ledger name field, and select the ledger code option from the dropdown list.